No doubts, QCOM looks strong both technically and fundamentally. Besides, it has been recently upgraded. Even more, it is already it is already bottoming out.However, we don't recommend to touch this stock above 41.50 because it has very limited upside. QCOM stays in the trading range 37-44 since Feb 2007.
Remember, large traders had accumulated this stock two weeks ago (see the chart). They are trying to establish the uptrend and distribute this stock. You have good chances to enjoy the ride, if you buy this stock below 41.50.
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