Qualcomm Stock's Pre-Earnings Technical Setup

Group 1 - Qualcomm Inc (NASDAQ:QCOM) is set to announce its fiscal third-quarter earnings results on July 30, with analysts expecting earnings of $2.71, reflecting a 16.3% year-over-year increase, and revenue of $10.34 billion, a 10.1% rise [1] - The post-earnings history for Qualcomm has been poor, with the stock declining in all four next-day sessions over the past year, including an 8.9% drop in May [2] - Options markets are anticipating a 9% price swing for Qualcomm's stock following the earnings announcement, which is higher than the 6.3% average move over the last two years [2] Group 2 - Qualcomm's stock has faced resistance at the $162 level since early June, while support is noted at the $153 level and the 50-day moving average [3] - Year-to-date, Qualcomm's equity has increased by 5.7% [3] - There has been a notable increase in call options activity for Qualcomm over the past 10 weeks, with a 50-day call/put volume ratio of 2.26, ranking higher than 90% of readings from the past year [5]