Qualcomm Inc (QCOM)

[annabelletrader]

Investors can be on the lookup for a simple short trade on QUALCOMM, Inc. (NASDAQ:QCOM). On any stock price close below the up-sloping trend line ($65.25), pull the trigger and go short. The stock should fall within days to the target of $56.00. That is a potential gain of 15%. Stop out for a tiny loss on any close above $66.50. Please make sure you follow the rule. I repeat, you do not short the stock until it breaks major support at $65.25.