QUALCOMM Incorporated (QCOM) Shares are Up 0.33%

QUALCOMM Incorporated (QCOM) : Traders are bullish on QUALCOMM Incorporated (QCOM) as it has outperformed the S&P 500 by a wide margin of 0.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1%, 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 0.33% in the last 1 week, and is up 0.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.44% and the fifty day Moving Average is 8.54%. QUALCOMM Incorporated is up 13.93% in the last three month period. Year-to-Date the stock performance stands at 28.37%.

QUALCOMM Incorporated (QCOM) : The highest level QUALCOMM Incorporated (QCOM) is projected to reach is $70 for the short term and the lowest estimate is at $39. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $59.27 and the possibility the share price can swing is $8.16.


QUALCOMM Incorporated (NASDAQ:QCOM): stock turned positive on Friday. Though the stock opened at $62.89, the bulls momentum made the stock top out at $63.51 level for the day. The stock recorded a low of $62.65 and closed the trading day at $62.97, in the green by 0.53%. The total traded volume for the day was 7,255,608. The stock had closed at $62.64 in the previous days trading.

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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