Bullish Moving Average Cross by QUALCOMM (QCOM)
Today, shares of QUALCOMM (NASDAQ:QCOM) have crossed bullishly above their 10-day moving average of $53.90 on a volume of 1.5 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 29% above that low price at $54.58 per share. The 200-day and 50-day moving averages have moved 0.51% lower and 0.03% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of QUALCOMM on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.77. Since that recommendation, shares of QUALCOMM have risen 12.1%. We continue to monitor QCOM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Qualcomm