Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $73.00 short put and a strike $68.00 long put offers a potential 5.04% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $73.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $68.00 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 31.43 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Qualcomm
Qualcomm Donates Funds to China's Yunnan Earthquake Relief
Mon, 11 Aug 2014 06:00:00 GMT
PR Newswire – SAN DIEGO, Aug. 11, 2014 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has donated $325,000 to assist in earthquake relief efforts in China's Yunnan Province. Qualcomm has …
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