Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 9.17% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $65.00 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 30.4 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
Intel Mobile Unit Loss Forecast At $4 Billion
Thu, 13 Nov 2014 19:37:00 GMT
CASBAA Welcomes Frank Rittman To Its Board of Directors And New Member Companies From Across the Region
Thu, 13 Nov 2014 10:05:00 GMT
ACN Newswire – Hong Kong, Nov 13, 2014 – (ACN Newswire) – During its Council of Governors Meeting concluding the CASBAA Convention 2014, CASBAA announced the election of Frank Rittman of the Motion Picture Association …
Amazon building moat around biz: Pro
Wed, 12 Nov 2014 20:29:00 GMT
[$$] Xilinx Safer Than Intel, Qualcomm
Wed, 12 Nov 2014 15:51:00 GMT
U.S. firms lower China expectations as growth slows, scrutiny rises
Wed, 12 Nov 2014 12:55:09 GMT
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