Score 8 (out of 10): QUALCOMM sets up for +17% rally in 3 months

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What’s Going On Here?

Analysts are expecting a +39% profit growth and +27% revenue growth for Qualcomm in 2022. The company also announced a ‘strategic technology collaboration’ with Ferrari.

Why Now?

QUALCOMM INC has triggered a new high volatility signal (3 month). During similar occasions, QUALCOMM INC shares had a median return of +17%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for QUALCOMM INC received a high score of 8 (out of 10). This insight was generated on 2022-February-16 with last price of 169.65.

What’s This Company About?

QUALCOMM INC is in the Semicon Compo-Intg Circu business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth +25% (average). Ticker symbol: QCOM US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 201.86 (+17%) has been reached. Based on QUALCOMM INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 161.1 (last price at 172.6), which is equivalent to a -6.7% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

7.1% (December-2021), 28.1% (May-2020), -7.6% (March-2020), 6.1% (June- 2019), 8.2% (April-2019), -9.4% (April-2018), 27.8% (January-2018), 28.8% (November-2017), 25.7% (January-2016), 44.8% (November-2015).

Historical Chart:

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Summary:

NameQUALCOMM INC
ViewUp
Star (1 to 10)8.0
Target+17%
Time3 months
Hist Rate80%

Popular Insights:

INFOSYS has denied that the company is launching a crypto project. But the company continues to expand aggressively in Costa Rico. ‘Wall Street’ analysts’ think the shares will rally +22% over the next 12 months.

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