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Recent 52-Week High Exceeded in Shares of Qualcomm Inc (QCOM)

By Nick Russo

Shares of Qualcomm Inc (NASDAQ:QCOM) traded today at $84.72, breaking its 52-week high. Approximately 8.8 million shares have changed hands today, as compared to an average 30-day volume of 20.1 million shares.

Qualcomm Inc share prices have moved between a 52-week high of $84.72 and a 52-week low of $48.56 and are now trading 72% above that low price at $83.60 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.2%.

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.

Qualcomm Inc (NASDAQ:QCOM) is currently priced 25.0% above its average consensus analyst price target of $62.67. Qualcomm Inc shares have support at the 200-day moving average (MA) of $60.47 and additional support at the 50-day MA of $56.88.

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: 52 week high/lows qualcomm inc

Ticker(s): QCOM