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QUALCOMM Crosses Above its 10-day MA (QCOM)

By James Quinn

QUALCOMM (NASDAQ:QCOM) crossed over its 10-day moving average of $56.99 on a volume of 971K 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.

Over the past year, QUALCOMM has traded in a range of $42.24 to $78.53 and is now at $57.10, 35% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 0.03% higher over the past week, respectively.

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