A look at Qualcomm Inc.

by DAN Qualcomm Inc. ($QCOM) averages are at $79.45 (21 day SMA), $79.02 (50 day SMA), $72.76 (200 day SMA). Over the past 52 weeks QCOM has traded from a low of $59.02 to a high of $81.66. QCOM was last at $80.49 on a volume of 2,800,730. Average daily volume has been at 9,236,441.

52 Week Range $59.02-$81.66 Market Cap 136,059,316,627 Average Volume 9,236,441 Dividend Yield 2.24% Institutional Ownership 83.50% Insider Ownership: 0.10% Percentage of Float Short 1.10% Beta 1.11

As you can see by this daily chart, QCOM has been in a volatility squeeze for the past couple of weeks and is very close to breaking out. Monday’s intraday high was $87.89. A close above $87.90 on heavier than average volume would generate a buy signal. Those who wish to wait for a pullback (if one is to occur) might want to wait for a test of the 50-day moving average, which is currently at $79.47.

Qualcomm, Inc. develops digital communication technology called CDMA (Code Division Multiple Access), & owns intellectual property applicable to products that implement any version of CDMA including patents, patent applications & trade secrets.

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