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QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $61.00 on Nov 2, 2000 prices
rallied, reaching a
high of $89.81
on Nov 16, 2000. A
decline saw prices pull back, reaching a
low of
$75 1/4 on Nov 30, 2000.
Another rally saw prices penetrate
resistance, closing 12/4/00
at $90.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 13, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $83 1/2. Resistance: Is at $91 1/4.
Point & Figure: Reversed to the upside on Dec 1, 2000. A P&F upside
reversal takes place at $86 1/4. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $90 1/4 Stop: Use a protective stop of $87 1/2.
QUALCOMM INC is currently trading @ $90.00 plus $7.00 on Dec 4, 2000. Price Objective:
$106.00. Risk/Reward: $2 3/4 VS. $15 3/4. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$106.00
Risk/Reward:
$2 3/4 VS. $15 3/4
Risk/Reward Ratio:
6:1
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