MarthaStokesCMT-TechniTrader

QCOM: Pro traders' end of day reaction to AAPL news

NASDAQ:QCOM   QUALCOMM Incorporated
The huge candlestick yesterday was NOT HFT activity. A run occurred toward the end of the day, driven by pro traders who received early news regarding the settlement of a 3-year lawsuit with AAPL. Pro traders initiated the end-of-day run and smaller funds’ VWAPs triggered to continue the end-of-day run on high volume.


Martha Stokes, CMT
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