QCOM suffered a large sell-off due the lawsuit with AAPL. As we could see, even the sell-off is filling the gap of previous jump-up. Strong support around 51.17. With the upcoming earning, I would say its rewards would be great if considering the relative risk.
Comment:
Earning revenue seems bit disappointing but earning beats. That affects QCOM -3% aftermarkets but that doesn't hurt much. Let's watch to see how market pick up on QCOM's earning report and decide to how to move forward with the price action!! Still long term trend up!