Qualcomm Inc (QCOM)

[dwdkc]

Stock action is rarely discussed here; discussion is totally dominated by news and operational business activities. I'd welcome more technical price discussion because I am only trying to make some money here (not saying I don't appreciate the operations experts, because the education has given me the patience to wait for the market to catch up to the fundamentals). The stock price never seems to react much to news, more to occasional fud and the overall market.

So for what it's worth, 40 was a big resistance area and with good volume today this qualifies as a meaningful breakout--some big money is moving in. Hard to say how meaningful though because the overall August doldrums are still the backdrop--this isn't big volume any other time of year. But hey, we'll take what we can get, right?