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Qualcomm Inc Crosses Above its 10-day MA (QCOM)

By Nick Russo

Today, shares of Qualcomm Inc (NASDAQ:QCOM) have advanced above their 10-day MA of $75.42 on a volume of 351K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Qualcomm Inc share prices have moved between a 52-week high of $90.34 and a 52-week low of $48.56 and are now trading 58% above that low price at $76.82 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

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

Keywords: moving crosses qualcomm inc

Ticker(s): QCOM