I don't believe so. Quantum mechanics throws out the idea that the electron is moving around the nucleus. It throws out the notion that, prior to measuring the electron, it has a defined location at any given moment in time. One way to see this: if the electron were moving circularly, it would be constantly accelerating (centripetally). Hence, the electron would radiate away energy since this is what accelerated charges do. But the bound electron is typically found somewhere in an incredibly tiny radius around the nucleus. Given this tiny radius, the electron would have to be moving so fast and would require such a great acceleration that it would radiate away all of its energy is around 10^–14 seconds (I think). This means that, after 10^–14 seconds, the electron would lose all of its energy and spiral into the nucleus. But that's not what happens if you watch an atom--atoms are stable, and their electrons don't spiral into their nuclei. Hence, the electrons can't be circling the nucleus or even moving in a classical sense.