QUALCOMM, Inc. (NASDAQ:QCOM) Extreme Daily Dollar Volume
By George Zabel
November 05, 2009 1:19 PM
November 05, 2009 1:19 PM
Symbols: QCOM
Posted in: Short Ideas, Futures, Price Target, Options, Technicals, Markets, Analyst Ratings, Movers, Trading Ideas
QUALCOMM, Inc. (QCOM) shows extreme trading activity today by dollar volume, The stock is up 4.51% at over $43 and $1.66B daily dollar volume.
QUALCOMM is topping its parallel channel and testing its 50 day M.A. All in all today’s action is not convincing of a breakout by any means, and Options traders should exercise extreme caution. In fact QUALCOMM is a leading Nasdaq stock and the market is about to correct according to analysts...
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