Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $61.00 short put and a strike $56.00 long put offers a potential 12.61% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $61.00 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock dropped below the $56.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Qualcomm is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Qualcomm is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Qualcomm
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Mon, 01 Aug 2016 21:04:38 GMT
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Mon, 01 Aug 2016 13:49:00 GMT
2:37 am Qualcomm signs new 3G and 4G patent license agreement in China with GuangDong OPPO Mobile Telecommunications
Mon, 01 Aug 2016 06:37:00 GMT
Qualcomm Signs 3G/4G China Patent License Agreement with OPPO
Mon, 01 Aug 2016 01:00:00 GMT
PR Newswire – SAN DIEGO, July 31, 2016 /PRNewswire/ — Qualcomm Incorporated (QCOM) and GuangDong OPPO Mobile Telecommunications Corp. Ltd. (OPPO) today announced that they have entered into a new 3G and 4G patent license agreement for China. Under the terms of the agreement, Qualcomm has granted OPPO a royalty bearing patent license to develop, manufacture and sell 3G (WCDMA and CDMA2000) and 4G, including 3-mode (LTE-TDD, TD-SCDMA and GSM) complete terminals. The royalties payable by OPPO are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Development and Reform Commission (NDRC).
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