QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $74 1/4 on Dec 20, 2000 prices
rallied, reaching a
high of $91 3/4
on Dec 29, 2000. A
decline saw prices pull back, reaching a
low of
$67 3/4 on Jan 12, 2001.
Another rally saw prices penetrate
resistance, closing 1/26/01
at $81.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 23, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $75.00. Resistance: Is at $85 3/4.
Point & Figure: Reversed to the upside on Jan 26, 2001. A P&F upside
reversal takes place at $76 1/2. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $81 1/2 Stop: Use a protective stop of $78 1/2.
QUALCOMM INC is currently trading @ $81.00 plus $7.06 on Jan 26, 2001. Price Objective:
$99 3/4. Risk/Reward: $3.00 VS. $18 1/4. Today's Risk Reward Ratio: 6:1
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