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QCOM Crosses Below Key Moving Average Level

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In trading on Monday, shares of Qualcomm Inc (Symbol: QCOM) crossed below their 200 day moving average of $60.59, changing hands as low as $53.77 per share. Qualcomm Inc shares are currently trading down about 13.4% on the day. The chart below shows the one year performance of QCOM shares, versus its 200 day moving average:

Qualcomm Inc 200 Day Moving Average Chart

Looking at the chart above, QCOM's low point in its 52 week range is $42.24 per share, with $71.62 as the 52 week high point - that compares with a last trade of $54.49.

According to the ETF Finder at ETF Channel, QCOM makes up 9.43% of the ProShares Ultra Semiconductors ETF (Symbol: USD) which is trading lower by about 4.2% on the day Monday.

Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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