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Qualcomm Inc Rises 1.10% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Qualcomm Inc (NASDAQ:QCOM) traded in a range yesterday that spanned from a low of $57.46 to a high of $57.84. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $57.54 on volume of 5.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Qualcomm Inc have traded between a low of $48.56 and a high of $76.50 and are now at $57.81, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

Keywords: rebounders qualcomm inc

Ticker(s): QCOM