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Down 6% in 4 Weeks, Here’s Why Qualcomm (QCOM) Looks Ripe for a Turnaround

Down 6% in 4 Weeks, Here's Why Qualcomm (QCOM) Looks Ripe for a Turnaround

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The heavy selling pressure might have exhausted for Qualcomm (QCOM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

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