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Qualcomm Inc. QCOM
(Total Views: 762)
Posted On: 01/13/2017 1:53:06 PM
Post# of 133
Posted By: annabelletrader
Investors can be on the lookup for a simple short trade on QUALCOMM, Inc. (NASDAQ:QCOM). On any stock price close below the up-sloping trend line ($65.25), pull the trigger and go short. The stock should fall within days to the target of $56.00. That is a potential gain of 15%. Stop out for a tiny loss on any close above $66.50. Please make sure you follow the rule. I repeat, you do not short the stock until it breaks major support at $65.25.





Investor and trader short trade on stock chart of QUALCOMM













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