Ahead of Qualcomm Earnings, Here's What Barchart Data Says Comes Next for QCOM Stock

Qualcomm stock: options market, technicals point to volatility after earnings

Qualcomm stock price continued its strong downward trend this week, reaching its lowest level since April 30. QCOM has plunged by over 37% from its highest point this year, with its market capitalization falling from $265 billion to $171 billion.  Qualcomm’s crash has coincided with the ongoing sell-off among other semiconductor companies. The VanEck Semiconductor (SMH) ETF has dropped from $671 to $529, while the iShares PHLX SOX Semiconductor …

Ahead of Qualcomm Earnings, Here's What Barchart Data Says Comes Next for QCOM Stock

Qualcomm stock in focus ahead of Q2 earnings on July 29. Barchart data recommends caution in playing QCOM shares heading into the quarterly print.