QCOM something on?????

Discussion in 'Trading' started by taodr, Aug 27, 2003.

  1. taodr

    taodr

    Noticed QCOM trading in blocks , now over 40. Anyone seen any news.?
     
  2. ElCubano

    ElCubano

    11:51 ET QCOM Follow-Up comment (40.53 +1.07)
    As noted in the 11:35 comment, QCOM has experienced a solid pop intraday. There are two things that we are aware of contributing to the price strength today. First, stock has just experienced a technical breakout -- establishing a new eight month high after taking out a major resistance near 40 which had stymied advances in Jan, March and July. Also contributing to strength in stock is market chatter that India has ordered more handsets than expected, showing strength after what many analysts considered a weak start in the Spring.
     
  3. Jeffo

    Jeffo

    heilbronner must be ready to short it.
     
  4. LOL.

    5 mth triple top breakout (daily chart) on 2X volume...