Technicals suggesting caution on QUALCOMM Incorporated

by Josh QUALCOMM Incorporated (NASDAQ:QCOM) is seeing the 50 day movinga average move below the 200 day moving average today. This is commonly known as a ‘death cross’ This is a bearish signal indicating further potential downside.

QCOM is printing a new low for 2013 with shares trading at $60.61 on a volume of 13,241,800 shares, already exceeding the typical daily volume of 12,254,400 shares. In addition to the death cross, the previous low set in late April has definitively been broken as has the the series of higher lows that started last November.

52 Week Range $53.09-$68.50 Market Cap 104,585,878,638 Average Volume 13,891,588 Dividend Yield 2.30% Institutional Ownership 77.80% Insider Ownership: 0.10% Percentage of Float Short 0.90% Beta 1.02

QUALCOMM Incorporated Qualcomm Incorporated designs manufacture and markets digital wireless telecommunications products and services based on its CDMA technology and other technologies.

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