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Qualcomm Inc Falls 3.96% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Qualcomm Inc (NASDAQ:QCOM) traded in a range yesterday that spanned from a low of $49.95 to a high of $51.90. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $51.56 on volume of 8.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Qualcomm Inchas traded in a range of $50.04 to $71.62 and are now at $50.08. The 200-day and 50-day moving averages have moved 0.51% lower and 0.03% higher over the past week, respectively.

Keywords: rebounders qualcomm inc

Ticker(s): QCOM