QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $54.81 on Aug 23, 2000 prices
rallied, reaching a
high of $65.00
on Sep 8, 2000. A
decline saw prices pull back, reaching a
low of
$58.00 on Sep 11, 2000.
Another rally saw prices penetrate
resistance, closing 9/15/00
at $66 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 14, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $58 1/2. Resistance: Is at $67 1/2.
Point & Figure: Reversed to the upside on Sep 12, 2000. A P&F upside
reversal takes place at $61 1/2. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $66 3/4 Stop: Use a protective stop of $63 7/8.
QUALCOMM INC is currently trading @ $66 1/4 plus $3 5/8 on Sep 15, 2000. Price Objective:
$82 1/2. Risk/Reward: $2 7/8 VS. $15 3/4. Today's Risk Reward Ratio: 5:1
|
Click here to view full size chart
|