• Return to Headlines

Qualcomm Inc: The Winning Streak Continues (QCOM)

By Nick Russo

Shares of Qualcomm Inc (NASDAQ:QCOM) traded at a new 52-week high today of $74.25. So far today approximately 4.8 million shares have been exchanged, as compared to an average 30-day volume of 12.4 million shares.

Over the past year, Qualcomm Inc has traded in a range of $48.56 to $74.25 and is now at $73.93, 52% above that low. The 200-day and 50-day moving averages have moved 0.10% higher and 1.53% higher over the past week, respectively.

Qualcomm Inc (NASDAQ:QCOM) is currently priced 15.2% above its average consensus analyst price target of $62.67. The stock should find initial support at its 50-day moving average (MA) of $64.16 and further support at its 200-day MA of $61.44.

QUALCOMM Incorporated manufactures digital wireless communications equipment. The Company licenses its code division multiple access (CDMA) and orthogonal frequency division multiplexing access intellectual property to other companies and produces CDMA-based integrated circuits, as well as equipment and software used to track workers, assets, and software for wireless content enablement.

SmarTrend recommended that subscribers consider buying shares of Qualcomm Inc on July 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.51. Since that recommendation, shares of Qualcomm Inc have risen 14.8%. We continue to monitor QCOM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows qualcomm inc

Ticker(s): QCOM