QUALCOMM (NASDAQ:QCOM) Falls 1.74% on Heavy Volume

Source:mysmartrend.com

QUALCOMM (NASDAQ:QCOM) traded in a range yesterday that spanned from a low of $36.90 to a high of $38.04. Yesterday, the shares fell 1.74%, which took the trading range below the 3-day low of $37.05 on volume of 19.7 million shares.

Shares of QUALCOMM are currently trading below their 50-day moving average (MA) of $40.09 and below their 200-day MA of $43.10. Look for these MAs to provide resistance for a short-term rebound in the shares.