Qualcomm (QCOM) Offering Possible 31.93% Return Over the Next 34 Calendar Days

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 31.93% return on risk over the next 34 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 $1.21 would be kept by the premium seller. The risk of $3.79 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 74.8 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

Ericsson to Modernize Hi3G's Transport Network in Denmark
Thu, 16 Aug 2018 14:27:02 +0000
Ericsson's (ERIC) partnership with Hi3G is aimed at preparing the latter's network for future 5G requirements while supporting the significant rise in the number of connected devices on the network.

The Pros and Cons of Owning Apple Stock
Thu, 16 Aug 2018 14:02:41 +0000
Apple (NASDAQ:AAPL) took five and a half years to go from a $500 billion to a $1 trillion company. Now, investors will expect AAPL stock to double in less time, ratcheting up the expectations in the months and years ahead. Here are what I consider the pros and cons of owning AAPL stock under this intense scrutiny.

Telecom Stock Roundup: CenturyLink Earnings, QUALCOMM Settlement & More
Thu, 16 Aug 2018 13:24:01 +0000
The telecom stocks will likely gain with trade negotiations initiating at the lower levels between the United States and China in late August.

Qualcomm Dodges a $700 Million Bullet in Taiwan
Wed, 15 Aug 2018 16:00:00 +0000
But the victory obfuscates the chipmaker’s deeper problems.

Panasonic, Qualcomm and Ford Demo the First Real-World Application of C-V2X in Colorado
Wed, 15 Aug 2018 14:03:00 +0000
DENVER , Aug. 15, 2018 /PRNewswire/ — Panasonic Corporation of North America , Colorado Department of Transportation, Ford Motor Company (NYSE: F) and Qualcomm Technologies, a subsidiary of Qualcomm Incorporated …

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