Trading Analysis for QUALCOMM Incorporated

Posted on 12/04/2012 by Allen Bersch

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NEW YORK (AVAFIN) -- Options contracts of QUALCOMM Incorporated experienced unusual trading of call contract volume. Call volume outnumbered put contracts at a ratio of 11.9:1, yielding 0.08 put/call ratio. Buyers and sellers exchanged 207,583 call and 17,447 put contracts during the last session.

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Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior. A high put/call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value. In contrast, a low put/call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value. Unusual volume provides reliable clues that the stock is expected to make a move.

Qualcomm displaced Intel as the wireless baseband chip provider in all of Apple's iPhone 4S and 5 devices, which should drive higher chip sales in the years ahead and also give the firm tremendous diversity to Apple, Android, and Windows Mobile devices. Additionaly, In order for a mobile phone to function on a CDMA-based network (which includes all 3G networks), handset makers must pay royalties to Qualcomm.

Shares of QCOM opened today at $63.44 and settled the day up $0.10 to $63.47 during the session. The day's trading range is between $63.00 and $63.58 respectively. To date, the stock has gained 1.41% within the last week. On the volume side, 10M shares were traded which is less than the average volume of 11M shares. QUALCOMM Incorporated is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $51.76 and 52 week high is $68.87. The stock has a P/E ratio of 18.07 and a dividend yield of 1.13%.

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