Qualcomm (QCOM) Offering Possible 9.41% Return Over the Next 9 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $73.50 short put and a strike $68.50 long put offers a potential 9.41% 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 $73.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock dropped below the $68.50 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 64.59 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

Cars drive to the fore at annual CES tech confab
Thu, 08 Jan 2015 16:00:06 GMT

Qualcomm CEO Sees `Large' Innovation in Auto Industry
Wed, 07 Jan 2015 23:54:52 GMT
Bloomberg – Jan. 7 (Bloomberg) — Steve Mollenkopf, chief executive officer of Qualcomm Inc., talks about the company's mobile technology, automobile connectivity and the smartphone industry. Mollenkopf speaks with …

Lightning Round: Cramer's most loved stock
Wed, 07 Jan 2015 23:51:13 GMT

Micron Had Fastest Growth Among Semiconductor Leaders
Wed, 07 Jan 2015 21:45:00 GMT

Micron's mixed Q1 earnings
Tue, 06 Jan 2015 21:09:00 GMT

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