Perking Up to Qualcomm

Today I want to focus on Qualcomm (QCOM), and I'll start with a bigger-picture chart that suggests where the stock may go. Once that's established, we'll zoom in on a daily chart to help you fine-tune a possible entry.

Below, then, is the weekly chart of Qualcomm. Note that the larger pattern constitutes a bullish pattern of higher highs and lows, and this will remain intact as long as the price stays above the July 2012 low. An ability to hold above that level would also tell us the minimum upside target is in the $73.16 area....351 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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