BUY! QUALCOMM INC (QCOM) Nasdaq

  Report No. 1337    Analysis by: Harry Aloof     AUGUST 3, 2001

QUALCOMM INC (QCOM-Nasdaq): Technical Viewpoint: From a low of $55.22 on Jul 11, 2001 prices rallied, reaching a high of $67.94 on Jul 13, 2001. A decline saw prices pull back, reaching a low of $56.44 on Jul 24, 2001. Another rally saw prices penetrate resistance, closing 8/2/01 at $68.34. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jul 8, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $65.94. Resistance: Is at $70.98. Point & Figure: Reversed to the upside on Jul 27, 2001. A P&F upside reversal takes place at $63.75. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC (QCOM-Nasdaq) @ $68.50 Stop: Use a protective stop of $65.50. QUALCOMM INC is currently trading @ $68.34 plus $2.97 on Aug 2, 2001. Price Objective: $81.00. Risk/Reward: $3.00 VS. $12.50. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$81.00 Risk/Reward:
$3.00 VS. $12.50 Risk/Reward Ratio:
4:1
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