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Shares of Qualcomm Inc Rise to a New 52-Week High

By David Diaz

Qualcomm Inc (NASDAQ:QCOM) traded at a new 52-week high today of $82.33. So far today approximately 56.2 million shares have been exchanged, as compared to an average 30-day volume of 12.2 million shares.

Qualcomm Inc share prices have moved between a 52-week high of $82.33 and a 52-week low of $48.56 and are now trading 70% above that low price at $82.33 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

Qualcomm Inc (NASDAQ:QCOM) defies analysts with a current price ($82.33) 23.9% above its average consensus price target of $62.67. Qualcomm Inc shares have support at the 200-day moving average (MA) of $60.11 and additional support at the 50-day MA of $55.11.

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 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