QUALCOMM
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $27.33 on Oct 8, 2002 prices
rallied, reaching a
high of $37.10
on Oct 22, 2002. A
decline saw prices pull back, reaching a
low of
$32.04 on Oct 29, 2002.
Another rally saw prices penetrate
resistance, closing 11/14/02
at $38.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 27, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.25. Resistance: Is at $38.88.
Point & Figure: Reversed to the upside on Nov 14, 2002. A P&F upside
reversal takes place at $36.50. Summary: Technical indicators have turned bullish. BUY! QUALCOMM
(QCOM-Nasdaq) @ $38.25 Stop: Use a protective stop of $36.25.
QUALCOMM is currently trading @ $38.20 plus $3.07 on Nov 14, 2002. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $9.75. Today's Risk Reward Ratio: 5:1
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