Qualcomm (QCOM) Offering Possible 16.82% Return Over the Next 30 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 16.82% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $67.50 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 69.08 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

Qualcomm’s Mollenkopf Sees Chance of Apple Settlement This Year
Tue, 18 Sep 2018 08:00:00 +0000
Qualcomm Inc. Chief Executive Officer Steve Mollenkopf said a bitter standoff between the chip maker and Apple Inc. is entering a period when both sides have an increasing incentive to settle. In coming months, the companies will be forced to make their case in front of jurors and judges in the U.S., China, Germany and other jurisdictions. “The environment is such that a deal could get done,” said Mollenkopf in an interview on Bloomberg TV’s “Studio 1.0,” which airs Sept. 26.

The Trade War Is On: How We Got Here and What's Next
Tue, 18 Sep 2018 00:59:42 +0000
The trade dispute between the U.S. and China continues. Chinese officials have vowed to retaliate following U.S. President Donald Trump’s authorization of a new round of tariffs on an additional $200 billion of Chinese goods, a move that brought the total amount targeted by the U.S. in recent months to $250 billion. China says it will be forced to retaliate simultaneously to the new round of tariffs announced by the U.S.

Broadcom Might Have Finally Turned a Corner After Its Failed Bid to Buy Qualcomm
Mon, 17 Sep 2018 18:31:00 +0000
Broadcom’s stock has underperformed this year after its unsuccessful takeover of Qualcomm. But one analyst sees growth coming.

Qualcomm, Apple kick off second trial seeking iPhone import ban
Mon, 17 Sep 2018 17:52:05 +0000
Apple and Qualcomm are locked in a wide-ranging legal dispute in which Apple has accused Qualcomm of unfair patent licensing practices. Qualcomm, the world's largest mobile phone chipmaker, has in turn accused Apple of patent infringement.

Qualcomm Technologies, Inc. Shares DIRBS Software Platform to Address Counterfeit and Stolen Devices
Mon, 17 Sep 2018 16:00:00 +0000
Can be used to boost mobile ecosystem security around the globe SAN DIEGO , Sept. 17, 2018 /PRNewswire/ — Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), today announced …

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