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Qualcomm Inc Set to Possibly Rebound After Yesterday's Selloff of 1.36%

By Nick Russo

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.

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 Inc has traded in a range of $49.10 to $96.17 and is now at $77.59, 58% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Keywords: rebounders qualcomm inc

Ticker(s): QCOM