Qualcomm Incorporateds stock price (QCOM) rose in latest intraday trading after seeking a supportive bottom to carry on its upward correctional trend in the short term, with positive support due to trading above the 50-day SMA, while the Stochastic reached oversold levels compared to the stocks movements.

Therefore we expect more gains for the price, targeting the pivotal resistance of $162.15, provided the support of $144.50 holds on.

Todays price forecast: Bullish