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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (125912)	12/6/2002 5:56:17 PM
From: John Carragher	Read Replies (1) \| Respond to of 152472

Qualcomm Qualcomm (Nasdaq:QCOM) is rallying more than five percent today after reporting a planned shipment of around 28 million MSM phone chips in the first quarter, exceeding prior estimates by as many as three million. QCOM officials said they hope to distribute between 24 million and 27 million of the chips in the second quarter, above the previously projected 20 million. The equity has been benefiting from a solid uptrend since late September. Having moved above its 10-month moving average in October, the stock is now attempting to edge past its 20-month trendline for the first time since January 2001. From a shorter-term perspective, QCOM enjoyed support from its 20-day moving average this week and has shot back above its 10-day trendline. Even while QCOM shares have been surging, pessimism has been escalating as well. Schaeffer's put/call open interest ratio (SOIR) for the equity has been on the rise since early October. The reading is now among the top three percent of all annual measures at 0.77. Click the following link to see the Daily Chart of QCOM Since August 2002 With 10-Day and 20-Day Moving Averages: schaeffersresearch.com .