Trading Idea - QUALCOMM Broke Resistance, What to Expect?

Hewlett Packard (HPQ)

Dell (DELL)

Facebook (FB)

Apple (AAPL)

Goldman Sachs (GS)

Fred's First Quarter 2012 EPS Increase 17%

Newell Rubbermaid to Reaffirm Fiscal Year 2012 Outlook

Best ETFs For Facebook Exposure

McDonald's Announces Quarterly Cash Dividend

Is KB HOME Closing in to Resistance?

Trading Idea - QUALCOMM Broke Resistance, What to Expect?

Published on Thursday, 26 January 2012 07:08 Written by Christopher Lynn

New York, January 26th (TradersHuddle.com) - Shares of QUALCOMM Incorporated (NASDAQ:QCOM) closed the trading session at $58.99 just above calculated resistance at $58.72 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

QUALCOMM Incorporated (NASDAQ:QCOM) develops and delivers digital wireless communications products and services based on ots CDMA digital technology. It provides integrated CDMA chipsets and systems software, technology licensing, Eudora email software, and satellite based systems.

QUALCOMM's stock was trading in a well defined range with support at $51.76 and resistance at $58.72, given that this range was broken traders will be closely monitoring the stock

Qualcomm Inc. (QCOM): Today's Featured Telecommunications Loser - TheStreet.com
Reconnect With Qualcomm - TheStreet.com
Qualcomm Labs Teams with EvoNexus - Benzinga
Qualcomm Inc. (QCOM): Today's Featured Telecommunications Loser - TheStreet.com
Qualcomm Inc. (QCOM): Today's Featured Telecommunications Winner - TheStreet.com
Qualcomm and Digibras Group Sign 3G/4G License Agreement - Benzinga
Qualcomm Inc. (QCOM): Today's Featured Telecommunications Loser - TheStreet.com
Qualcomm Inc. (QCOM): Today's Featured Telecommunications Winner - TheStreet.com
Is QCOM Attractive? - TheStreet.com
Why Qualcomm Is A Bargain Below $60 - TheStreet.com

JIM CRAMER wants to work for YOU. JIM does the research -- YOU get email alerts each time he trades. JIM provides access to his actual portfolio -- YOU can use it to guide your portfolio strategy. Try Jim's Action Alerts PLUS for FREE!