QUALCOMM INC (QCOM-Nasdaq): Technical Viewpoint: From a low of $30.23 on May 15, 2003 prices rallied, reaching a high of $35.63 on Jun 6, 2003. A decline saw prices pull back, reaching a low of $32.55 on Jun 11, 2003. Another rally saw prices penetrate resistance, closing 6/18/03 at $35.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 3, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $33.25. Resistance: Is at $36.25. Point & Figure: Reversed to the upside on Jun 18, 2003. A P&F upside reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC (QCOM-Nasdaq) @ $36.13 Stop: Use a protective stop of $34.13. QUALCOMM INC is currently trading @ $35.69 plus $1.92 on Jun 18, 2003. Price Objective: $45.00. Risk/Reward: $2.00 VS. $8.88. Today's Risk Reward Ratio: 4:1