Qualcomm (QCOM) Offering Possible 7.99% Return Over the Next 28 Calendar Days

Qualcomm’s most recent trend suggests a bearish bias. One trading opportunity on Qualcomm is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 7.99% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 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 rose above the $60.00 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 below 20 which suggests that the stock is in oversold territory.

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

Stocks Gain on Tax-Plan Hopes, Upbeat Earnings
Fri, 21 Apr 2017 04:21:59 +0000
Investors piled back into shares of financial and industrial companies Thursday, a popular postelection trade that had largely petered out in the past month.

These 3 Stocks Just Raised Their Dividends
Fri, 21 Apr 2017 00:10:00 +0000
A high-profile chipmaker, an aristocratic consumer-goods purveyor, and a specialty REIT all lifted their payouts last week.

Apple Legal Battle Again Dominates Qualcomm's Earnings Call
Thu, 20 Apr 2017 22:14:00 +0000
Just about every analyst question was about the litigation.

American Express Sparks Rally on Wall Street, Treasury Secretary’s Tax Comments Light a Fire
Thu, 20 Apr 2017 22:10:00 +0000
Positive earnings from Dow component American Express brings a spring to Wall Street’s step on Thursday and drives the bulk of gains on benchmark indexes.

Qualcomm’s Business Model At Risk
Thu, 20 Apr 2017 21:47:00 +0000
Qualcomm’s “toll collector” model is challenged, from both customers and regulators.

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