QUALCOMM INC (QCOM-Nasdaq): Technical Viewpoint: From a low of $61.80 on May 18, 2004 prices rallied, reaching a high of $69.86 on Jun 10, 2004. A decline saw prices pull back, reaching a low of $64.73 on Jun 21, 2004. Another rally saw prices penetrate resistance, closing 6/29/04 at $71.55. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 25, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $68.75. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 4, 2004. A P&F upside reversal takes place at $68.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC (QCOM-Nasdaq) @ $72.13 Stop: Use a protective stop of $69.63. QUALCOMM INC is currently trading @ $71.55 plus $2.88 on Jun 29, 2004. Price Objective: $83.00. Risk/Reward: $2.50 VS. $10.87. Today's Risk Reward Ratio: 4:1