QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $58.00 on Sep 11, 2000 prices
rallied, reaching a
high of $87.00
on Oct 5, 2000. A
decline saw prices pull back, reaching a
low of
$61.00 on Nov 2, 2000.
Another rally saw prices penetrate
resistance, closing 11/14/00
at $80 3/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 14, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $. Resistance: Is at $.
Point & Figure: Reversed to the upside on Nov 13, 2000. A P&F upside
reversal takes place at $75.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $80 7/8 Stop: Use a protective stop of $77 7/8.
QUALCOMM INC is currently trading @ $80 3/8 plus $5.32 on Nov 14, 2000. Price Objective:
$99 3/4. Risk/Reward: $3.00 VS. $19.00. Today's Risk Reward Ratio: 6:1
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