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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$83.00
Risk/Reward:
$2.50 VS. $10.87
Risk/Reward Ratio:
4:1
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