Qualcomm (QCOM) was covered in a Bloomberg Video Report today and the stock is now at $53.38, down $0.59 (-1.1%) on volume of 1,777,179 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $35.17 to a high of $56.88. Qualcomm stock has been showing support around $53.48 and resistance in the $54.74 range. Technical indicators for the stock are neutral and S&P gives QCOM a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on QCOM the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 65 range.

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