by Sam Collins 05/16/08
Qualcomm (QCOM) -- This manufacturer of digital wireless telecommunications products has been consolidating its big gains made in 2002 to 2006 within a trading range of $35 to $45.
Upside volume has been picking up and, despite a somewhat overbought stochastic, QCOM looks like it can break through the barrier at $45 and make a run for it. If so, the target for the breakout is its prior high of $53.
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Falling crude oil prices, which dipped below $125 a barrel, could potentially be favorable for stocks.
Our last target for RCII's holds steady, noting the strong buy signals, very high buying volume and a Gold Cross formation.
At present, the short-term trend is up but both the intermediate- and long-term trends are down.
Looking Bright: Evergreen Solar
Looking for an active solar play? ESLR could be the way to enter the sector at the right price.
Don't try and ride a bear thinking he's a bull -- he might just turn and bite, revealing his true identity.
