Qualcomm (QCOM) has failed on several breakout attempts over the past few weeks, including after earnings last week. The stock is now trading just below its 50-day moving averag in a late-stage failed-base (LSFB) type of short-sale set-up, so is triggering a short-sale entry here using the 50-day line as a covering guide.
Short-Sale Set Up - Qualcomm (QCOM) 2/7/22
|Published:||7 Feb 2022 11:34 ET|
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