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Qualcomm Under Some Pressure. Watch These Levels.



January 31, 2011 – Comments (0) | RELATED TICKERS: QCOM

Qualcomm Inc.(NASDAQ:QCOM) is a leading tech stock in the communication equipment space. The stock is trading slightly lower this morning by 0.36 cents to $53.38 a share. The Nasdaq 100 is also under some slight pressure and this could force QCOM stock lower. The stock will have some short term intra-day support levels around the $52.45 area and more support around the $51.90 level. Both support levels could see small intra-day bounces.

Nicholas Santiago

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