QCOM has been trailing in attempt to regain it's 50 day SMA. Last few days it's gained it in time for it's earnings release.
They posted pretty great after hours earnings, so I'm expecting this to jump. However it must clear and hold above 141-143 region where there may be a lot of selling/profit taking pressure.
They posted pretty great after hours earnings, so I'm expecting this to jump. However it must clear and hold above 141-143 region where there may be a lot of selling/profit taking pressure.
Comment:
Dissappointing but not entirely unexpected because of not holding that support:
