Qualcomm Setting Up A Nice Trade
Posted on January 28th, 2010 by HJ
QCOM is down massively today, and is setting up a nice trade.
In the last six months, the maximum power of the bears was October 22, with an intraday low of $40.15. The stock is hovering right now at around $40.50.
Buy here and sell on any high-volume sustained dip below $40 makes a good trade.
Disclosure: As of publication I am long QCOM. I am not a professional, but I am trying this at home. It is highly recommended that you consult a licensed financial advisor or broker before making any and all investment decisions.
