QUALCOMM INC (QCOM-Nasdaq): Technical Viewpoint: From a low of $31.63 on Jul 1, 2010 prices rallied, reaching a high of $40.00 on Aug 10, 2010. A decline saw prices pull back, reaching a low of $37.45 on Aug 16, 2010. Another rally saw prices penetrate resistance line "A", closing 9/3/10 at $40.38. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 3, 2010 when the solid line crossed the dotted line to the upside. Support: Remains at $39.45. Resistance: Is at $43.39. Point & Figure: Reversed to the upside on Sep 1, 2010. A P&F downside reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC (QCOM-Nasdaq) @ $40.50 Stop: Use a protective stop of $38.50. QUALCOMM INC is currently trading @ $40.38 plus $0.36 on Sep 3, 2010. Price Objective: $49.50. Risk/Reward: $2.00 VS. $9.00. Today's Risk Reward Ratio: 5:1
                          

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Price Objective:
$49.50

Risk/Reward:
$2.00 VS. $9.00