QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $65.49 on Jun 21, 2004 prices
rallied, reaching a
high of $73.50
on Jul 1, 2004. A
decline saw prices pull back, reaching a
low of
$68.19 on Jul 16, 2004.
Another rally saw prices penetrate
resistance, closing 8/2/04
at $72.06. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Aug 2, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $68.50. Resistance: Is at $72.97.
Point & Figure: Reversed to the upside on Aug 2, 2004. A P&F upside
reversal takes place at $71.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $72.63 Stop: Use a protective stop of $69.88.
QUALCOMM INC is currently trading @ $72.06 plus $2.85 on Aug 2, 2004. Price Objective:
$83.00. Risk/Reward: $2.75 VS. $10.37. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$83.00
Risk/Reward:
$2.75 VS. $10.37
Risk/Reward Ratio:
4:1
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