QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $105 5/8 on Jan 28, 2000 prices
rallied, reaching a
high of $148.00
on Feb 3, 2000. A
decline saw prices pull back, reaching a
low of
$120.06 on Feb 15, 2000.
Another rally saw prices penetrate
resistance, closing 2/23/00
at $146 7/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 23, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $125.00. Resistance: Is at $148.00.
Point & Figure: Reversed to the upside on Feb 23, 2000. A P&F upside
reversal takes place at $138.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $147 5/8 Stop: Use a protective stop of $143 7/8.
QUALCOMM INC is currently trading @ $146 7/8 plus $16 3/8 on Feb 23, 2000. Price Objective:
$215.00. Risk/Reward: $3 3/4 VS. $67 3/8. Today's Risk Reward Ratio: 18:1
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