Qualcomm (QCOM) Offering Possible 14.16% Return Over the Next 28 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 14.16% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $57.50 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 at 76 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

BlackBerry shifts patent strategy through outsourcing deal
Thu, 16 Nov 2017 00:19:51 +0000
Canada's BlackBerry Ltd announced the outsourcing of a significant part of its patent licensing efforts on Wednesday to a unit of the U.S.-based Marconi Group. BlackBerry said the work of sub-licensing a broad range of its patents to global smartphone manufacturers will fall to Teletry. Teletry is part of the Marconi Group, which launched earlier this year and says it specializes in patent licensing across a broad range of technologies and products.

Qualcomm's Headaches Grow as EC Extends Review of Deal for NXP
Wed, 15 Nov 2017 20:59:00 +0000
The European Commission said its review of Qualcomm's $48 billion purchase of NXP will carry into 2018. Qualcomm must now face prolonged media scrutiny, alongside an activist campaign by Elliott and hostile …

Why The New Centriq Server Processor Is Important To Qualcomm
Wed, 15 Nov 2017 16:55:00 +0000
Qualcomm has started commercial deployment of its first ARM-based server processor called the Centriq 2400, as it looks to challenge Intel’s dominance over the market for data center processors while diversifying its revenue stream beyond the mobile market.

Investors Beware of the Bitcoin 10,000 Bubble
Wed, 15 Nov 2017 16:51:10 +0000
The bitcoin (CURRENCY:BTC) price chart truly is an incredible thing to behold. 2017 gains have been extraordinary: even after a recent pullback, Bitcoin still has risen nearly 600% year-to-date. In dollar value, Bitcoin has risen more than 20 times in just the last two years.

Qualcomm ‘Status Quo' Untenable, Says RBC, Broadcom To Go Hostile
Wed, 15 Nov 2017 15:41:00 +0000
The Street is still mulling where the face-off between Broadcom (AVGO) and Qualcomm (QCOM) will go, after Broadcom made an offer for Qualcomm a week and a half ago, and Qualcomm on Monday rejected the offer, and Broadcom reiterated its intent to consummate a deal.  One fellow, Amit Daryanani of RBC Capital, today opines Broadcom is ready to go “hostile” in pressing its case, as it likely raises its bid for Qualcomm from $70 to $80, echoing comments from others in the past couple days.

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