QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $26.25 on Sep 4, 2002 prices
rallied, reaching a
high of $31.07
on Sep 11, 2002. A
decline saw prices pull back, reaching a
low of
$25.10 on Sep 19, 2002.
Another rally saw prices penetrate
resistance, closing 10/14/02
at $49.50. Technicals: RSI Index (RSI): A Buy Alert!
was given on Oct 11, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $30.00. Resistance: Is at $34.00.
Point & Figure: Reversed to the upside on Oct 14, 2002. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $33.13 Stop: Use a protective stop of $31.13.
QUALCOMM INC is currently trading @ $49.50 plus $1.383 on Oct 14, 2002. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $16.38. Today's Risk Reward Ratio: 8:1
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