Qualcomm (QCOM) Offering Possible 16.28% Return Over the Next 24 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 16.28% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $70.00 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 at 61.05 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

CASBAA Convention 2014 Kicks off to Debate the Future of Content ‘Beyond the Box'
Thu, 30 Oct 2014 02:14:00 GMT
ACN Newswire – HONG KONG, Oct 29, 2014 – (ACN Newswire) – The annual CASBAA Convention kicked off yesterday with a look at how the content world will change with the advent of over the top streaming services and digital content. With the theme ‘Beyond the Box', the convention gathered professionals from the cable and satellite broadcast industry from key operators and technology carriers to content providers, marketers and media, to discuss the pertinent topics facing the industry right now and how Asian players in this field can adapt to stay ahead of the content game. The 21st CASBAA Convention was officially opened by Professor K C Chan, Acting Financial Secretary, Government of Hong Kong SAR. Jon Feltheimer, CEO of Lionsgate said that industry stalwarts need to recognise that “the more we hold on to the business models of today, the more we open the door to change makers and entrepreneurs of the future” whilst Andrew Rashbass, CEO of Reuters talked about the need to “develop a new business model with a fundamentally different cost basis”.

9:43 am Qualcomm runs to fresh high of 77.25, nearing its Aug/three month high at 77.31
Wed, 29 Oct 2014 13:43:00 GMT

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