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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.96+1.4%Nov 11 3:59 PM EST
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To: kech who wrote (20744)1/4/1999 1:28:00 PM
From: Spaw  Read Replies (1) of 152472
 
TB,
Technicals are solid.
Nice 9 week base.
Stock has held under the 200 day moving average for the last 4 weeks, with price stability.
Today, this move takes QCOM above the 200 dma.
In my book, as a trader, this move is a buy.
This stock tends to make quick, powerful moves.
QCOM will have to work at 55, and once through that, 58 is important.
This is all near term, and I know most of you guys on this thread are fundamental types, so I'll leave it there.
Just wanted to toss my 2 cents in.

--spaw--

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