QUALCOMM (QCOM) Betting On Gap Getting Filled
November 06, 2009 12:15 PM
Qualcomm ( NASDAQ:QCOM) recent upside gap stands a good chance in getting filled, as the stock is expected move to the downside. A target of $42.50.
Technically Qualcomm can drop from today’s $43.62, and the move can be exploited by Put options or single stock futures. It may also drop more than that to around $37 as and when markets correct and add a lot of selling momentum.
Qualcomm (NASDAQ: QCOM) recent upside gap stands a good chance in getting filled, as the stock is expected move to the downside. A target of $42.50.
Technically Qualcomm can drop from today’s $43.62, and the move can be exploited by Put options or single stock futures. It may also drop more than that to around $37 as and when markets correct and add a lot of selling momentum.
