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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, 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 upside
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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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.50
Risk/Reward:
$2.00 VS. $9.00
Risk/Reward Ratio:
5:1
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