QUALCOMM Incorporated (QCOM) : Traders are bullish on QUALCOMM Incorporated (QCOM) as it has outperformed the S&P 500 by a wide margin of 2.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.73%, 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 1.7% in the last 1 week, and is up 2.63% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
QUALCOMM Incorporated is up 16.22% in the last 3-month period. Year-to-Date the stock performance stands at 27.94%. The stock has recorded a 20-day Moving Average of 1.57% and the 50-Day Moving Average is 9.93%.
QUALCOMM Incorporated (NASDAQ:QCOM): The stock opened at $62.61 on Friday but the bulls could not build on the opening and the stock topped out at $62.84 for the day. The stock traded down to $62.01 during the day, due to lack of any buying support eventually closed down at $62.76 with a loss of -0.44% for the day. The stock had closed at $63.04 on the previous day. The total traded volume was 7,092,997 shares.
Also, Major Brokerage house, Standpoint Research downgrades its ratings on QUALCOMM Incorporated (NASDAQ:QCOM). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 25, 2016.
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.