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Qualcomm Inc Rising Today on Above-Average Volume (QCOM)

By James Quinn

Qualcomm Inc shares are trading on heavy volume today, having risen 16.9% to $82.33. About 27.8 million shares have been traded today, as compared to the 30-day average volume of 12.2 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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, Qualcomm Inc share prices have been bracketed by a low of $48.56 and a high of $82.33 and are now at $82.33, 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

Keywords: unusual volume qualcomm inc

Ticker(s): QCOM