QUALCOMM Incorporated (QCOM) Shares are Up 4.08%

QUALCOMM Incorporated (QCOM) : Traders are bullish on QUALCOMM Incorporated (QCOM) as it has outperformed the S&P 500 by a wide margin of 2.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.53%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.08% in the last 1 week, and is up 0.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.91% and the 50-Day Moving Average is 4.54%.The 200 Day SMA reached 20.5% QUALCOMM Incorporated is up 18.63% in the last 3-month period. Year-to-Date the stock performance stands at 29.5%.


QUALCOMM Incorporated (QCOM) : 17 investment research analysts covering QUALCOMM Incorporated (QCOM) have an average price target of $59.62 for the near short term. The highest target price given by the Brokerage Firm to the stock is $70 and the lowest target is $39 for the short term. Analysts expect the variance to be within $8.27 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. QUALCOMM Incorporated (NASDAQ:QCOM): The stock opened at $62.88 and touched an intraday high of $63.44 on Friday. During the day, the stock corrected to an intraday low of $62.37, however, the bulls stepped in and pushed the price higher to close in the green at $62.99 with a gain of 0.72% for the day. The total traded volume for the day was 14,677,679. The stock had closed at $62.54 in the previous trading session.

Qualcomm Incorporated (Qualcomm) is engaged in providing third-generation (3G), fourth-generation (4G) and next-generation wireless technologies. The Companys products include 2net, AllPlay, Brew, Gobi, Halo, HealthyCircles, Hy-Fi, IPQ, IZat, Pixtronix, Powerline, QChat, QLearn, Small Cells, Snapdragon, Vive, RaptorQ, Vuforia and WiPower. AllPlay helps manufacturers create devices and services. It also helps developers create Android and iPhone operating system (iOS) music streaming applications. The Companys Brew platform enables feature phone applications, such as gaming, messaging, Web browsing and social networking. Qualcomm Gobi modems connect users devices to 3G, 4G, and 4G long-term evolution (LTE) networks. Qualcomm Halo technology eliminates the need for plug-in cords for recharging in electric and hybrid vehicles. Qualcomm Powerline solutions turn electrical outlets into broadband connection points, creating networks by plugging in.

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