Qualcomm (QCOM) Offering Possible 22.25% Return Over the Next 39 Calendar Days

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 22.25% return on risk over the next 39 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 $0.91 would be kept by the premium seller. The risk of $4.09 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 33.08 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Qualcomm

CSR agrees to Qualcomm takeover
Wed, 15 Oct 2014 07:53:18 GMT
Financial Times – CSR has agreed to a takeover by Qualcomm of the US, the world's largest maker of mobile chips, in a deal that values the equity of the UK chipmaker at £1.56bn. The recommended all-cash offer at 900p per …

Qualcomm Buying Bluetooth Pioneer CSR in $2.5B Deal
Wed, 15 Oct 2014 07:41:08 GMT
Bloomberg – Oct. 15 (Bloomberg) — Bloomberg's Jonathan Ferro reports on the top company news of the day on “On The Move.”

[$$] Qualcomm Pounces on U.K. Chip Maker
Wed, 15 Oct 2014 07:34:20 GMT
The Wall Street Journal – Qualcomm Inc. has pounced on U.K. connectivity chip specialist CSR PLC in a $2.48 billion takeover as the U.S. wireless-technology group seeks to expand its capabilities in the fast-growing area of Internet-connected …

CSR CEO on Qualcomm takeover bid
Wed, 15 Oct 2014 07:30:00 GMT
CNBC – Joep van Beurden, CEO of CSR, says a deal with Qualcomm makes for “an ideal combination” as the two groups' activities are “very complementary” and discusses the bid price.

Qualcomm trumps Microchip with $2.5 billion deal for Britain's CSR
Wed, 15 Oct 2014 07:01:12 GMT
Reuters – Qualcomm Inc (QCOM.O) has agreed to buy chip maker CSR Plc (CSR.L) for $2.5 billion (£1.57 billion), pushing out its rival Microchip Technology (MCHP.O) to win the British Bluetooth specialist which is growing in areas like automotive and wearable devices. Qualcomm, the world's number one mobile chipmaker, has agreed to pay 900 pence a share in cash for CSR, representing a 56.5 percent premium on the share price before the start of the offer period, the British company said on Wednesday. Qualcomm's Chief Executive Steven M. Mollenkopf said the addition of CSR's technology leadership in Bluetooth, Bluetooth Smart and audio processing would strengthen Qualcomm's offer in areas like portable audio, automotive and wearable devices. The British company in August rebuffed an approach from Microchip, saying the undisclosed price on offer was not enough.

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