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Qualcomm stock setup analysis after sharp post-earnings selloff: Is QCOM a buy?

Qualcomm stock setup analysis after sharp post-earnings selloff: Is QCOM a buy?

Investing.com — Qualcomm’s selloff has a clear cause, and the chart hasn’t stabilized. The valuation case is real, but the evidence doesn’t yet show a bottom. “Opportunity” depends on your time horizon and risk tolerance. This is analysis, not a buy or sell call. 

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Qualcomm chart

What Broke

Qualcomm (QCOM) trades at $155.11, down 10.44% (as of Nov 5, 9:40 AM EST). That is down 16.34% over the past week. The stock is far below its 52-week high of $259.92 and about 27% above the $121.99 low.

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