Add as a preferred source on GoogleThree Firms Cut Qualcomm Targets as Tokenized QCOM Posts a Gain
The tokenized QCOM quote remained below its 20-day and 50-day averages despite trading above its seven-day average and pivot point.
Qualcomm Tokenized Stock (QCOM) recorded a 3.12% gain over 24 hours as three firms lowered their Qualcomm price targets on Nov. 5, while the quote remained below its 20-day and 50-day averages.
The quote traded between $159.72 and $168.32 during the reported session. It was above its seven-day average of $163.29 and the $164.67 pivot point, but below its 20-day average of $171.46 and 50-day average of $178.84.
Rosenblatt Securities lowered its target to $205 from $235 and kept its Buy rating. TD Cowen cut its target to $185 from $200 and also retained Buy. UBS Group lowered its target to $180 from $185 and maintained Neutral.
The technical indicators were mixed. The relative strength index was 44.36, in neutral territory. MACD was -4.1855, and its histogram reading was 0.0000.
On Binance Futures, open interest rose 4.75% over 24 hours to 39,180.98 contracts, indicating increased participation alongside the reported gain.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.