QUALCOMM INCORPORATED
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $55.61 on Feb 5, 2004 prices
rallied, reaching a
high of $65.28
on Mar 19, 2004. A
decline saw prices pull back, reaching a
low of
$61.20 on Mar 23, 2004.
Another rally saw prices penetrate
resistance, closing 4/3/04
at $68.23. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 31, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $63.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 31, 2004. A P&F upside
reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INCORPORATED
(QCOM-Nasdaq) @ $68.38 Stop: Use a protective stop of $65.88.
QUALCOMM INCORPORATED is currently trading @ $68.23 plus $1.94 on Apr 2, 2004. Price Objective:
$81.00. Risk/Reward: $2.50 VS. $12.62. Today's Risk Reward Ratio: 5:1
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