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After Yesterday's Decline of 1.36%, Qualcomm Inc Offers Investors Better Value

By Shiri Gupta

Qualcomm Inc (NASDAQ:QCOM) traded in a range yesterday that spanned from a low of $77.83 to a high of $79.51. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $79.36 on volume of 3.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Qualcomm Inc have traded between a low of $49.10 and a high of $96.17 and are now at $77.59, which is 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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: rebounders qualcomm inc

Ticker(s): QCOM