Shares of the company were up this week after LG Electronics (LGEAF) and Samsung Electronics (SSNLF) announced that their latest smartphones will use Qualcomm's Snapdragon 820 processor, Barron's reported.
San Diego, CA-based Qualcomm manufacturers 3G, 4G and next-generation wireless technologies for the communications and networking industries.
(Qualcomm is held in the Dividend Stock Advisor portfolio. See all of its holdinghere.)
After breaking out of the long downtrend channel last week Qualcomm has been surging on very strong turnover. The momentum has shifted to bullish, and with good relative strength (see the top pane in the chart, below) this stock is poised for higher levels.
The gap at 59 looms large, but with a Moving Average Convergence Divergence buy signal, this could be ready to make an even bolder move higher. Check out the volume, here, of late (circled), it is very impressive.
Wan more from Versace, Lang and Wall Street's sharpest minds BEFORE your stock moves? Learn more about Trifecta Stocks now!