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


To: KY who wrote (30354)5/19/1999 4:03:00 PM
From: John Stichnoth  Read Replies (1) | Respond to of 152472
 
A 30% drop isn't unusual after a runup like this. It has been accompanied by declining volume, which suggests consolidation and that we are nearing a support level. We also have a trend support line at about 95, near term. So, my quick look suggests this may be a technical buy opp.

Haven't looked at the more arcane indicators--OBV, MACD. . . .

Someone want to comment further?