Stock Of The Day: Why Qualcomm Stock Remains Stuck In A Range As Speculation Of Intel Takeover Grows

Qualcomm Inc‘s QCOM stock has been stuck in a trading range since early August, with analysts speculating about a potential bid for Intel Corp INTC. Despite this, shares have faced resistance at the top of the range, which has prompted our trading experts to make it the Stock of the Day.As the chart below shows, the top of the range has been around $175.00.Resistance can stay intact for a long time because of buyer's remorse. Some traders and investors bought shares while the stock was at the top of the ran ...