Qualcomm's most recent trend suggests a bearish bias. One trading opportunity on Qualcomm is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 19.62% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 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 35.17 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Qualcomm
Nexus 6 Vs Nexus 5: What's The Difference?
Wed, 15 Oct 2014 22:00:00 GMT
Qualcomm agrees to buy British chip maker CSR for $2.5 billion
Wed, 15 Oct 2014 21:47:56 GMT
Qualcomm Stock Sitting Right At The Long-Term Uptrend Line
Wed, 15 Oct 2014 20:02:19 GMT
KeyCorp Falls On Downbeat Results; Penford Shares Climb
Wed, 15 Oct 2014 19:15:04 GMT
Qualcomm Makes a $2.5 Billion Bet on Bluetooth
Wed, 15 Oct 2014 18:33:21 GMT
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