QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $55.22 on Jul 11, 2001 prices
rallied, reaching a
high of $67.94
on Jul 13, 2001. A
decline saw prices pull back, reaching a
low of
$56.44 on Jul 24, 2001.
Another rally saw prices penetrate
resistance, closing 8/2/01
at $68.34. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 8, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $65.94. Resistance: Is at $70.98.
Point & Figure: Reversed to the upside on Jul 27, 2001. A P&F upside
reversal takes place at $63.75. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $68.50 Stop: Use a protective stop of $65.50.
QUALCOMM INC is currently trading @ $68.34 plus $2.97 on Aug 2, 2001. Price Objective:
$81.00. Risk/Reward: $3.00 VS. $12.50. Today's Risk Reward Ratio: 4:1
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