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News  ›  Investing.com

Qualcomm: Last Time This Happened, the Stock Fell 10%

Investing.com Logo Investing.com By Sam Quirke
Qualcomm: Last Time This Happened, the Stock Fell 10%

Qualcomm's stock is flashing a warning signal as a bearish MACD crossover appeared just before Christmas, indicating fading upside momentum. The last time this technical setup occurred in early November, the stock declined over 10% in two weeks. While the stock remains up 40% since April and fundamentals remain strong with earnings expected in early February, the near-term technicals suggest vulnerability if bulls fail to reassert control soon.

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QCOM   negative

The article highlights a bearish MACD crossover that previously preceded a 10% decline in November. While long-term fundamentals remain supportive and the stock is up 40% since April, the technical warning signal and comparison to the November setup suggest near-term downside risk if momentum doesn't reverse soon.