Qualcomm (QCOM) Offering Possible 11.36% Return Over the Next 12 Calendar Days

Qualcomm's most recent trend suggests a bearish bias. One trading opportunity on Qualcomm is a Bear Call Spread using a strike $74.00 short call and a strike $79.00 long call offers a potential 11.36% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $74.00 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock rose above the $79.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Qualcomm is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Qualcomm is bearish.

The RSI indicator is at 31.16 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Qualcomm

Chinese Regulators Search Daimler Offices
Tue, 05 Aug 2014 10:45:28 GMT

Micromax pips Samsung as India's leading mobile phone brand – research
Tue, 05 Aug 2014 05:33:31 GMT
Reuters – Indian budget smartphone maker Micromax has ousted Samsung Electronics Co Ltd as the leading brand in all types of mobile phones in the April-June quarter, grabbing a 16.6 percent market share, a recent research report showed. Samsung had 14.4 percent market share, down from 16.3 percent in the first quarter, said the report by Counterpoint Research. In the smartphone segment, however, Samsung still came out tops.

‘Buy and Trade' Strategies For Qualcomm And Tidewater In A Risky Market
Mon, 04 Aug 2014 14:48:00 GMT

Qualcomm Bulls Leaving the Ring
Thu, 31 Jul 2014 20:20:11 GMT
The Wall Street Journal – Qualcomm has been popular on Wall Street, but the company's troubles in China have spurred a few bullish analysts to step back from the ring.

Bernstein Cuts Qualcomm To Hold As China Headwinds Cloud Future
Thu, 31 Jul 2014 18:59:00 GMT
Barrons.com – Longtime bull Bernstein's Stacy Rasgon downgraded Qualcomm (QCOM) late Wednesday, cutting his rating from Outperform to market perform and shaving $5 off his target price, to $80. He writes that while the company still has solid exposure to the growing 3G/4G device market through a profitable licensing business the growth prospects for that business are currently capped, thanks to regulatory and collection issues in China, which clouds the long-term picture. With no near-term solution to this issue likely, as Chinese regulators determined last week that Qualcomm has a monopoly, Rasgon thinks it will be difficult for the stock's multiple to expand. While China is an important growth market, headwinds there are making it difficult for Qualcomm to monetize as well as it might otherwise be able to do, Rasgon writes, and it's unclear what kind of resolution will ultimately prevail.

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