Inverse Head and Shoulders in Qualcomm (QCOM)

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By Andy Swan | Published 04/3/2008 | Stocks | Unrated

Inverse Head and Shoulders in Qualcomm (QCOM)

Over the last 30 days, Qualcomm, Inc (QCOM) has created an inverse head and shoulders reversal. After breaking the neckline on April 1, 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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