• Return to Headlines

Watch for Shares of Qualcomm Inc (QCOM) to Approach Resistance at $73.90

By Nick Russo

Shares of Qualcomm Inc (NASDAQ:QCOM) have bullishly opened above the pivot of $71.42 today and have reached the first resistance level of $72.83. Should the shares continue to rise, the resistance pivots of $73.90 and $76.38 will be of interest.

Qualcomm Inc has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $62.67. Qualcomm Inc shares should first meet resistance at the 200-day moving average (MA) of $61.44 and find additional resistance at the 50-day MA of $64.16.

Qualcomm Inc share prices have moved between a 52-week high of $72.75 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Qualcomm Inc on July 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.51. Since that recommendation, shares of Qualcomm Inc have risen 14.8%. We continue to monitor QCOM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts qualcomm inc

Ticker(s): QCOM