QUALCOMM INC (QCOM-Nasdaq): Technical Viewpoint: From a low of $29.58 on May 17, 2003 prices rallied, reaching a high of $38.18 on Jun 19, 2003. A decline saw prices pull back, reaching a low of $35.20 on Jul 1, 2003. Another rally saw prices penetrate resistance, closing 7/7/03 at $39.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 3, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $35.20. Resistance: Is at $42.89. Point & Figure: Reversed to the upside on Jul 7, 2003. A P&F upside reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC (QCOM-Nasdaq) @ $40.13 Stop: Use a protective stop of $38.13. QUALCOMM INC is currently trading @ $39.88 plus $2.52 on Jul 7, 2003. Price Objective: $54.00. Risk/Reward: $2.00 VS. $13.88. Today's Risk Reward Ratio: 7:1