QCOM probably good for at least a short-term swing

13 thg 10, 2021

With today's weak inflation data, treasury yields are falling, which should be at least short-term bullish for tech. Qualcomm has an additional news catalyst from yesterday's announcement that they authorized a $10 B buyback plan. Qualcomm looks to be exiting oversold territory on the daily RSI. It's just under 15 forward P/E right now, with PEG under 0.5 and dividend yield at 2.2%. We may get some positive analyst coverage over the next week as an upside catalyst. I took a gamble on October 22 calls at the 128 strike.

14 thg 10, 2021

Ghi chú

Big gain today. It's a little short of my target, but no need to tempt fate, so I went ahead and took profit on my calls. Very profitable trade.

14 thg 10, 2021

Ghi chú

FYI, there's some resistance here for tech.

15 thg 10, 2021

Ghi chú

Wow, look how neatly QCOM hit the first target here: