Qualcomm (QCOM) Offering Possible 9.49% Return Over the Next 9 Calendar Days

Qualcomm's most recent trend suggests a bearish bias. One trading opportunity on Qualcomm is a Bear Call Spread using a strike $73.00 short call and a strike $79.00 long call offers a potential 9.49% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $73.00 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $5.48 would be incurred if the stock rose above the $79.00 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 26.17 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

A Dividend-Paying ETF in a Consolidating Industry
Fri, 08 Aug 2014 11:00:00 GMT

Qualcomm: Don't Fret China Royalties, Solution Probably Manageable, Says Citi
Thu, 07 Aug 2014 16:01:00 GMT
Barrons.com – Citigroup's Ehud Gelblum today reiterates a Buy rating on shares of wireless chip giant Qualcomm (QCOM), and an $88 price target, writing that investors should not fret the company's disclosure in its fiscal Q3, two weeks ago, that many Chinese smartphone makers are holding out paying royalties to Qualcomm as the company deals with fall-out from an investigation into its licensing practices by the Chinese government. Probably, the country's regulators, the NDRC, will require Qualcomm to amend its royalty rates: It now appears clear to us that resolving the NDRC investigation will likely entail more than just a fine. While it is unclear what the NDRC will do, we expect part of the resolution to include the NDRC interpreting parts of QCOM's standard license agreements as in violation of China's Anti-Monopoly Law (AML).

Xiaomi Sees India as Big as China in Smartphone Push
Thu, 07 Aug 2014 16:01:00 GMT

Let’s hope this skinny six-inch Lenovo smartphone makes its way to the United States
Wed, 06 Aug 2014 17:57:43 GMT
paidContent.org – Lenovo teased a six-inch smartphone with high-end specs on its English language Google+ page. Could this be the first Lenovo-branded smartphone to be widely distributed in the United States?

Iconic Watch Brand Timex Introduces Innovative Smartwatch
Wed, 06 Aug 2014 16:58:34 GMT
noodls – FOR IMMEDIATE RELEASE TIMEX® IRONMAN® ONE GPS+ Offers Stand-Alone Connectivity without a Phone; Developed in Close Collaboration with Qualcomm and AT&T MIDDLEBURY, CT (August 6, 2014) – Timex, the iconic …

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