Qualcomm - Leader in 5G - Adding via Options Strategy

Qualcomm is building a nice bullish reversal structure off the key 54.0 level and is poised to move higher. Initial resistance is 62.0 but if broken shouldn't take long to test the 68.0 in the next month. With the introduction of the first 5G phone next year, they are way ahead of the others. Beaten up, left for dead, time to look to add this quality dividend payer to the portfolio! We are using an options strategy to acquire the stock.

Disclosure: Currently Short 57.0 PUT Strike