QUALCOMM Incorporated(QCOM) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) QUALCOMM Incorporated(QCOM) closed at 43.79, up 0.15 or 0.34 % for the day. Based on our analysis, QUALCOMM Incorporated(QCOM) has rising momentum with an uptrend.

The closing price of QUALCOMM Incorporated(QCOM) is above its 50 day moving average of 40.11 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that QUALCOMM Incorporated(QCOM) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 24-Jan-2008, about 25 trading days ago.