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QUALCOMM (QCOM) Breaks Through Resistance at $65.58
[February 25, 2013]

QUALCOMM (QCOM) Breaks Through Resistance at $65.58

Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of QUALCOMM (NASDAQ:QCOM) opened today above their pivot of $65.13 and have already reached the first level of resistance at $65.58. Analysts will be watching for a cross of the next upside pivot targets of $66.23 and $67.33.

QUALCOMM (NASDAQ:QCOM) has potential upside of 15.9% based on a current price of $65.93 and analysts' consensus price target of $76.39. The stock should find initial support at its 50-day moving average (MA) of $64.27 and further support at its 200-day MA of $61.03.

QUALCOMM share prices have moved between a 52-week high of $68.87 and a 52-week low of $45.98 and are now trading 43% above that low price at $65.93 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 0.16% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of QUALCOMM on November 8th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.59. Since that recommendation, shares of QUALCOMM have risen 5.2%. We continue to monitor QCOM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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