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Bearish Moving Average Cross by QUALCOMM (QCOM)

By Nick Russo

QUALCOMM (NASDAQ:QCOM) shares have crossed bearishly below their 10-day moving average of $57.29 on a volume of 1.7 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

QUALCOMM share prices have moved between a 52-week high of $78.53 and a 52-week low of $42.24 and are now trading 35% above that low price at $56.82 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for QUALCOMM and will alert subscribers who have QCOM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Qualcomm

Ticker(s): QCOM