TECH - Qualcomm Stock Chart Indicates Strong Bullish Trend Analysts See Potential 15% Upside Ahead Of Q2 Earnings | Benzinga
Qualcomm Inc (NASDAQ:QCOM), will be reporting its second-quarter earnings on Wednesday. Wall Street expects $2.32 for EPS and $9.3 billion in revenues as the company reports after market hours.
The stock has been riding the AI wave and is up over 45% for the year. In 2024 so far, the stock has returned 16.32% to investors.
Let’s look at what the charts indicate for Qualcomm stock and how the stock currently maps against Wall Street estimates.
Qualcomm Stock’s Strong Bullish Trend Ahead Of Q2 Earnings
Qualcomm’s stock is currently experiencing a strongly bullish trend.
The share price is above its 5-, 20-, and 50-day exponential moving averages, indicating buying pressure and suggesting a positive outlook for future bullish movement.
The 8-day simple moving average is above the current share price, signaling bullishness. The 20-day ...