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ChristopherCarrollSmith

QCOM probably good for at least a short-term swing

Long
QUALCOMM Incorporated (NASDAQ:QCOM)  
ChristopherCarrollSmith Zaktualizowano   
NASDAQ:QCOM   QUALCOMM Incorporated
Support and Resistance Oscillators Fundamental Analysis semiconductors interestrates technology
10
11
supportandresistance oscillator fundamental semiconductors interestrates technology
With today's weak inflation data, treasury yields are falling, which should be at least short-term bullish for tech. Qualcomm has an additional news catalyst from yesterday's announcement that they authorized a $10 B buyback plan. Qualcomm looks to be exiting oversold territory on the daily RSI. It's just under 15 forward P/E right now, with PEG under 0.5 and dividend yield at 2.2%. We may get some positive analyst coverage over the next week as an upside catalyst. I took a gamble on October 22 calls at the 128 strike.
Komentarz:
Big gain today. It's a little short of my target, but no need to tempt fate, so I went ahead and took profit on my calls. Very profitable trade.
Komentarz:
FYI, there's some resistance here for tech.

snapshot
Komentarz:
Wow, look how neatly QCOM hit the first target here:

snapshot
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