Qualcomm (QCOM) Offering Possible 34.77% Return Over the Next 22 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $65.50 short put and a strike $60.50 long put offers a potential 34.77% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.50 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock dropped below the $60.50 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 25.2 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

Verizon Introducing Tiny Companion Phone
Tue, 23 Oct 2018 17:20:02 +0000
Verizon (VZ) has partnered with San Francisco start-up company Palm Ventures Group to introduce a tiny smartphone the size of a credit card. The device, called Palm, will go on sale in November with a $350 price tag, or about $300 with a two-year Verizon contract. Palm will be exclusively available on Verizon’s network, but it can’t be bought as a stand-alone package.

United Technologies Stock Needs Help From China
Tue, 23 Oct 2018 15:02:08 +0000
United Technologies (NYSE:UTX) just reported great earnings, and analysts have been pounding the table for the stock. But can earnings turn around the recent downtrend in UTX stock thanks to China? United Technologies has been trying to buy Rockwell Collins (NYSE:COL), and the deal is now before government regulators around the world, since both are global companies. This includes China, which could now refuse the deal as it previously refused Qualcomm’s (NASDAQ:QCOM) bid to buy NXPI (NASDAQ:NXPI), the Dutch chipmaker.

Verizon to Cut 44,000 Management Jobs
Tue, 23 Oct 2018 14:17:17 +0000
Verizon (VZ) is offering up to 44,000 of its management employees the opportunity to take early retirement. At the end of June, Verizon employed 153,100 people. Asking workers to take early retirement is a way to cut costs, and it’s not a new strategy for Verizon.

Amazon and Qualcomm Team Up to Bring Alexa to Headphones
Tue, 23 Oct 2018 14:09:59 +0000
Amazon (NASDAQ:AMZN) and Qualcomm (NASDAQ:QCOM) are joining forces to bring Alexa headphones to market. Until now, Apple (NASDAQ:AAPL) has been doing pretty well with its wireless headphones business. Qualcomm announced the release of a chip that will make it easy for any headphone manufacturer to embed voice-activated Alexa in their product.

Qualcomm Announces Quarterly Cash Dividend
Tue, 23 Oct 2018 13:00:00 +0000
SAN DIEGO , Oct. 23, 2018 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today announced a quarterly cash dividend of $0.62 per common share, payable on December 20, 2018 , to stockholders of record …

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