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Thursday, April 03, 2008

Qualcomm, Inc (NASDAQ:QCOM) Inverse Head and Shoulders

Over the last 30 days Qualcomm, Inc (NASDAQ:QCOM) has created an inverse head and shoulders reversal. After breaking the neckline on 1 April, QCOM has consolidated between 41.50 and 42.50 and looks to be setting up for a completion of the measured move. The measured move indicates QCOM will rally to 45.50.

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Happy Trading

Keith Greff
Trade Analyst
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