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QCOM Sells Off. Watch This Support Level

|Includes: Qualcomm Inc. (QCOM)
Qualcomm Inc.(NASDAQ:QCOM) is one of the leading semiconductor stocks as well as a leading component in the NASDAQ 100 Index. Today QCOM stock is declining by $1.01 to $54.06 a share. The stock will have some minor intra-day chart support around the $54.00 area. The better Intra-day support level for QCOM stock will be around the $63.70 area. This is a level where aggressive scalp traders can look for a bounce in the stock.

Nicholas Santiago