QCOM Rally May Be Overextended Near $251.02
Qualcomm Inc (QCOM) gained 3.18% to finish at $251.02 on May 31.
Key indicators suggest a bullish bias:
Moving Averages
Moving averages are stacked bullishly—9-day EMA ($230.65) supports, 21-day ($209.72) below.
Momentum
RSI at 70.1 is elevated in overbought zone, which often precedes pullbacks. MACD reads 22.02 against its 19.61 signal line (bullish).
Volatility
Bollinger Band width at 43.5% indicates normal volatility.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Watch $165.82 as support and $258.04 as resistance.
