Here’s Why Qualcomm Likely Topped Out

 | Sep 20, 2018 05:40PM ET

Shares of Qualcomm (NASDAQ:QCOM) have likely topped out in the near term based on a chart showing a major top resistance trend line. Price tagged this line in the last few days after jumping from below $50 to above $75 in just a few months. The chart below showcases this trend line.

This is a high reward short trade in the coming days/weeks.