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inthemoneystock (< 20)

Earnings: Chart Analysis For QCOM, VMW, YUM



April 18, 2012 – Comments (1) | RELATED TICKERS: QCOM , VMW , YUM

QUALCOMM, Inc. (NASDAQ:QCOM) reports earnings today. The company is expected to report $0.95-$0.99 profit per share. While the analysts have given their opinions, I find it far more accurate to analyze the charts.

First, the stock has surged dramatically in 2012. It has jumped from $54.70 to a recent 52 week high of $68.87. This move represents a 26% move. While the stock has pulled back slightly off its highs, it has made a bear flag pattern which tells of likely downside coming. Based on the chart, this stock has a slightly better chance of dropping on earnings than moving higher.

VMware, Inc. (NYSE:VMW) and Yum! Brands, Inc.(NYSE:YUM) will also report earnings after the market closes today. Both charts are extremely extended. While there is always a chance of further upside, it is hard to think even on good earnings, the stocks could jump much. Poor earnings could see a solid fall.

Gareth Soloway

1 Comments – Post Your Own

#1) On April 18, 2012 at 2:28 PM, 123spot (< 20) wrote:

Look at ISRG the day after earnings on what looked to me like an extended chart. I always appreciate your postings and rec them. Thanks. Spot

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