Could Qualcomm (QCOM Stock) move towards the 134 level?

AAATrade Team AAATrade

Today’s instrument is the Qualcomm Inc. stock traded on the Nasdaq exchange under the ticker QCOM.

Looking at QCOM’s chart, we can see that it is traded at around $126.90. Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could see its price rising towards its resistance level at around $134 otherwise we should see it falling towards its support level at around $120.

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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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