QUALCOMM Incorporated (QCOM) has risen sharply, recording gains of 14.41% in the past 4 weeks. However, the stock has corrected -0.93% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
QUALCOMM Incorporated (NASDAQ:QCOM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.52 and $61.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.00, notching a gain of 1.67% for the day. The total traded volume was 8,320,708 . The stock had closed at $60.98 on the previous day.
The stock has recorded a 20-day Moving Average of 6.09% and the 50-Day Moving Average is 11.35%. QUALCOMM Incorporated is up 22.93% in the last 3-month period. Year-to-Date the stock performance stands at 26.39%.
QUALCOMM Incorporated (QCOM) : 18 Wall Street analysts covering QUALCOMM Incorporated (QCOM) believe that the average level the stock could reach for the short term is $59.17. The maximum price target given is $70 and the minimum target for short term is around $39, hence the standard deviation is calculated at $7.92.
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.