Qualcomm (QCOM) Offering Possible 16.28% Return Over the Next 14 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 16.28% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $70.00 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 76.84 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

PRESS DIGEST- Financial Times – July 4
Wed, 03 Jul 2019 23:42:08 +0000

Qualcomm Loses Bid to Pause Antitrust Ruling in FTC Lawsuit
Wed, 03 Jul 2019 20:10:08 +0000
(Bloomberg) — Qualcomm Inc. can’t avoid renegotiating many of its licensing agreements while the company appeals a judge’s ruling that its business model is anti-competitive.The order comes six-weeks after U.S. District Judge Lucy Koh sided with the Federal Trade Commission and issued a series of injunctions against Qualcomm’s licensing and sales practices. Koh concluded Wednesday there’s no reason to halt the injunctions while the appeal is pending.Koh found that Qualcomm’s “no license, no chips” policy unfairly leveraged the company’s market position to force customers to pay inflated prices for chips and royalties for their technology. She ordered the company to end the policy and renegotiate some of its contracts for chips and royalties.Qualcomm said it will immediately ask San Francisco’s federal appeals court to stay Koh’s May ruling.Qualcomm faced off with the FTC in an 11-day trial in January. Koh’s May ruling provided near blanket support for the FTC’s arguments. The decision not only raises uncertainty over the future of Qualcomm’s business model, but it threatens to upend the smartphone industry now in the early stages releasing new 5G mobile technology worldwide.The order was a shock to Qualcomm and investors who expected a softer touch by Koh after the chipmaker and Apple Inc. struck a settlement in a similar lawsuit less than a month before her opinion. Instead, Koh described Qualcomm as having ”strangled competition…for years” by requiring customers to pay licensing royalties when ordering new mobile phone chips.(Updates with judge’s conclusion in second paragraph. An earlier version of this story corrected the day the order was issued.)\–With assistance from Ian King.To contact the reporter on this story: Kartikay Mehrotra in San Francisco at kmehrotra2@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Peter Blumberg, Heather SmithFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

UPDATE 2-U.S. judge blocks Qualcomm effort to put antitrust ruling on hold
Wed, 03 Jul 2019 19:31:37 +0000
A U.S. judge on Wednesday ruled against Qualcomm Inc's effort to block the implementation of a sweeping antitrust ruling against it as the mobile chip supplier pursues an appeal that could take more than a year to wind through the courts. Qualcomm has argued in court that the ruling could hamper critical negotiations with phone makers over 5G technology, forcing it to rework license agreements and even offer deals to rival chip suppliers, scrambling its business in a way that would be impossible to unwind if it wins on appeal. Shares in Qualcomm were down 0.5 percent to $76.73 after the ruling, which had been widely expected.

U.S. judge blocks Qualcomm effort to put antitrust ruling on hold
Wed, 03 Jul 2019 19:29:44 +0000
Qualcomm has argued in court that the ruling could hamper critical negotiations with phone makers over 5G technology, forcing it to rework license agreements and even offer deals to rival chip suppliers, scrambling its business in a way that would be impossible to unwind if it wins on appeal. A Qualcomm spokeswoman told Reuters the company plans to immediately ask the 9th U.S. Circuit Court of Appeals to stay the lower court's decision. Shares in Qualcomm were down 0.5 percent to $76.73 after the ruling, which had been widely expected.

Broadcom Acquiring Symantec
Wed, 03 Jul 2019 18:16:06 +0000
Broadcom is reportedly paying $15 billion to buy Symantec.

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