QUALCOMM INC (QCOM-Nasdaq): Technical Viewpoint: From a low of $42.75 on Apr 4, 2001 prices rallied, reaching a high of $57.86 on Apr 19, 2001. A decline saw prices pull back, reaching a low of $55.20 on May 14, 2001. Another rally saw prices penetrate resistance, closing 5/21/01 at $70.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 20, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $62.00. Resistance: Is at $75.81. Point & Figure: Reversed to the upside on May 17, 2001. A P&F upside reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC (QCOM-Nasdaq) @ $71.12 Stop: Use a protective stop of $68.25. QUALCOMM INC is currently trading @ $70.00 plus $5.62 on May 21, 2001. Price Objective: $110.00. Risk/Reward: $2.87 VS. $38.88. Today's Risk Reward Ratio: 13:1