QUALCOMM INC (QCOM-Nasdaq): Technical Viewpoint: From a low of $47.98 on Jun 20, 2001 prices rallied, reaching a high of $63.95 on Jul 3, 2001. A decline saw prices pull back, reaching a low of $55.22 on Jul 11, 2001. Another rally saw prices penetrate resistance, closing 7/12/01 at $63.36. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jul 9, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $55.50. Resistance: Is at $64.00. Point & Figure: Reversed to the upside on Jul 12, 2001. A P&F upside reversal takes place at $58.50. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC (QCOM-Nasdaq) @ $63.62 Stop: Use a protective stop of $60.75. QUALCOMM INC is currently trading @ $63.36 plus $6.91 on Jul 12, 2001. Price Objective: $89.50. Risk/Reward: $2.88 VS. $25.88. Today's Risk Reward Ratio: 9:1