Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $182.50 short put and a strike $177.50 long put offers a potential 26.58% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $182.50 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $177.50 long put 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 up which suggests that the medium-term momentum for Qualcomm is bullish.
The RSI indicator is at 53.55 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Qualcomm
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Mon, 03 Jan 2022 15:08:03 +0000
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Better 5G Stock: Qualcomm vs. Nokia
Mon, 03 Jan 2022 11:42:00 +0000
Qualcomm (NASDAQ: QCOM) and Nokia (NYSE: NOK) are very different companies, but they'll both profit from the long-term growth of the 5G market, which could expand at a compound annual growth rate (CAGR) of over 30% through 2026, according to Research and Markets. Qualcomm is one of the world's largest mobile chipmakers. Nokia is one of the world's largest suppliers of telecommunications equipment.
Huawei Swivels to Software, Clean Energy as Sales Dive Again
Fri, 31 Dec 2021 02:23:23 +0000
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