Qualcomm Corp. (QCOM) remains an attractive buy on charts
By Mark Moneymaster
November 05, 2009 12:14 AM
November 05, 2009 12:14 AM
Symbols: QCOM
Qualcomm Corp. (NASDAQ: QCOM), the world’s largest producer of mobile-phone chips, forecast that it would post higher profits in profit in Q1.
Qualcomm Corp's(QCOM) stock is, howevever, likely to show further strength if it decisively breaches $43 on high volumes.
Qualcomm Corp's (QCOM) announcement regarding guidance may top analysts’ estimates, which is a sign that demand for handsets is returning to levels before the economic slump.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
