TradingKey – Qualcomm stock surges over 20% in the last 30 days; whether momentum can continue hinges on the $200 mark.

On September 24, Eastern Time, Qualcomm (QCOM) saw its stock rally hit resistance at the $200 mark, falling 1.4% in pre-market trading to trade at $194.47. Over the past 30 days (from late August through September), Qualcomm’s stock demonstrated a strong rebound, surging rapidly from around $160 to the $198–$199 range, posting a single-month gain of 23%. However, as the stock price approaches the round-number threshold of $200, the market has entered a core battlefield for bulls and bears.

Qualcomm’s major stock surge this time was primarily driven by multiple factors, including a major partnership with Amazon (AMZN)’s…