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    • QCOM Option Trade – BUY Watchlist

    QCOM

    Following a significant sell-off during FEB QCOM raised its dividend today, causing a high-volume reversal.  We believe QCOM may have made its new low for quite some time yesterday @ ~$35.50

    We would have liked to see QCOM close back above its downsloping 20-Day MA but we will be watching closely for a follow-up move back above this key ST resistance.  If successful, we would expect QCOM to make a slow and steady climb back into the mid-40′s.

    Keep an eye on QCOM for a continuation of its reversal to the upside.

    Coach BD

    03/02/2010 at 5:10 pm
    Posted in: Alerts & News, Watch-list. You can leave a response, or trackback from your own site.

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