Qualcomm (QCOM) Offering Possible 21.95% 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 $120.00 short put and a strike $110.00 long put offers a potential 21.95% 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 $120.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $8.20 would be incurred if the stock dropped below the $110.00 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 70.99 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 (QCOM) Stock Moves -0.47%: What You Should Know
Mon, 19 Oct 2020 21:45:09 +0000
In the latest trading session, Qualcomm (QCOM) closed at $128.42, marking a -0.47% move from the previous day.

Technical Assessment: Bullish in the Intermediate-Term
Mon, 19 Oct 2020 00:00:00 +0000
Stocks finished a turbulent last week by eking out a win, thanks to Friday's positive session. In a week featuring competing town hall events from the president and former vice president, along with generally good economic data (undercut by a worrisome trend in new COVID infections), stocks were decidedly undecided in the middle trading week of October.

Weekly Stock List
Mon, 19 Oct 2020 00:00:00 +0000
Apple introduced four new iPhones last week. The phones range in price from $699 to $1,099 and employ the new 5G standard promising lightning-fast download speeds. While the devices themselves do not pack a lot of 'wow' factor, the ultra-fast A14 Bionic processor powers applications and enables cutting-edge display and camera performance. The Street is banking on iPhone 12 triggering Apple's biggest upgrade cycle in years, and that creates some disappointment risk if the cycle is merely average. We believe that 5G itself, and consumers' desire to remain in the Apple ecosystem, will drive a reasonably strong upgrade cycle. Apple Inc. is on the Argus BUY list and expected to benefit. The iPhone ecosystem also includes other stocks we rate BUY, listed below.

RH, Edgewell Personal Care, Home Depot, AbbVie and QUALCOMM highlighted as Zacks Bull and Bear of the Day
Thu, 17 Sep 2020 14:00:02 +0000
RH, Edgewell Personal Care, Home Depot, AbbVie and QUALCOMM highlighted as Zacks Bull and Bear of the Day

Inverse Tech ETFs Jump as Traders Book Profits
Tue, 08 Sep 2020 12:33:22 +0000
Profit takers banked gains in the red-hot tech sector last week. These exchange-traded funds will keep rising if the trend continues.

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