QUALCOMM: The Trend Continues Down (QCOM)
Friday, March 12, 2010 - 14:31
Written on Fri, 03/12/2010 - 2:31pm
By Chip Brian

SmarTrend identified a Downtrend for QUALCOMM (NASDAQ:QCOM) on January 28, 2010 at $41.06. In approximately 1 month, QUALCOMM has returned 5.3% as of today's recent price of $38.88.
QUALCOMM is currently below its 50-day moving average of $42.90 and below its 200-day moving average of $44.23. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of QUALCOMM.

Contact Chip Brian
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 http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.