Qualcomm (QCOM) Offering Possible 15.3% Return Over the Next 17 Calendar Days

Qualcomm's most recent trend suggests a bearish bias. One trading opportunity on Qualcomm is a Bear Call Spread using a strike $74.50 short call and a strike $80.00 long call offers a potential 15.3% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $74.50 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.77 would be incurred if the stock rose above the $80.00 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 35.69 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

Magma Ventures Partners has Closed Magma IV with $150 Million in Committed Capital, Exceeding its Target
Mon, 29 Sep 2014 15:11:00 GMT
PR Newswire – TEL AVIV, Israel, September 29, 2014 /PRNewswire/ — Magma Venture Partners, a leading Israeli early stage technology-focused venture capital fund with US$500 Million under management, today announces …

CASBAA Convention 2014 Firms Up Speaker Line-Up
Mon, 29 Sep 2014 08:12:00 GMT
ACN Newswire – Get Ready to Look ‘Beyond the Box' Hong Kong, Sept 29, 2014 – (ACN Newswire) – An impressive line up of heavyweight speakers from the global broadcast industry has been confirmed for this year's CASBAA …

Microsoft boss Nadella promises cooperation in Chinese antitrust probe
Sun, 28 Sep 2014 10:35:04 GMT
Reuters – Microsoft Corp chief executive Satya Nadella promised to cooperate fully with Chinese authorities in their antitrust investigation into his company during a meeting with a top regulator in Beijing, the Chinese government said. Microsoft has been ensnared in an anti-monopoly investigation launched this summer by China's State Administration for Industry and Commerce (SAIC), which has already seized evidence from multiple Microsoft offices across China and summoned high-level executives for questioning.

Rambus CEO Gets Chip Designer Back In High Gear
Fri, 26 Sep 2014 20:47:00 GMT

Will These Lower EPS Estimates Hurt Qualcomm (QCOM) Stock Today?
Fri, 26 Sep 2014 13:23:00 GMT
TheStreet – BMO Capital Markets lowers its EPS estimates for Qualcomm (QCOM) through 2016.

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