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Qualcomm stock price (NASDAQ: QCOM) was up by 11.03% in the previous month.
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QCOM stock price is sustaining above the 50 day and the 200 day EMA showcase uptrend.
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Qualcomm Inc. is expected to release the quarterly earnings on August 2, 2023.
Qualcomm stock price (NASDAQ: QCOM) rallied 11% approx in the previous month and breakout of $125.00 hurdle. QCOM stock is rising upward and forming a bullish continuation pattern.
Qualcomm stock price managed to climb above the 50 day and the 200 day EMA, showcasing that the trend has reversed upward. However, the price looks mildly over stretched so a minor retracement to the 50 day EMA is possible.
In the end of May, QCOM stock took support near $101.00 and prices formed a bullish engulfing candle. Later, the buying volume also increased and prices began to rise by forming higher highs.
In the mid of June, Qualcomm stock attempted to break the $125.00 hurdle. But due to the strong presen
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