Qualcomm’s most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 7.99% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $60.00 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 57.81 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Qualcomm
LG unveils the Fireweb, its first Firefox OS smartphone (video)
Tue, 22 Oct 2013 23:22:00 GMT
Engadget – So far, Firefox OS has been limited to ultra-basic smartphones like the ZTE Open. LG is expanding the platform’s reach today by releasing its inaugural Mozilla-powered handset, the Fireweb. The 4-inch …
STMicro posts third-quarter loss as Asian demand sputters
Tue, 22 Oct 2013 23:01:15 GMT
STMicro posts 3rd-quarter loss as Asian demand sputters
Tue, 22 Oct 2013 22:58:22 GMT
Reuters – STMicroelectronics NV posted a quarterly net loss after demand weakened from Asian smartphone and electronics makers, as Europe’s largest maker of semiconductors grappled with strong competition in the …
Your first trade for Wednesday
Tue, 22 Oct 2013 22:02:59 GMT
CNBC – The “Fast Money” traders share their final trades of the day.
ARM Holdings Hit By Concerns Of Smartphone Slowdown
Tue, 22 Oct 2013 21:19:00 GMT
Investor’s Business Daily – ARM Holdings Hit By Concerns Of Smartphone Slowdown
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