QUALCOMM Inc.(QCOM) has rising momentum with an uptrend

(29-Apr-2008) (29-Apr-2008) QUALCOMM Inc.(QCOM) closed at 43.76, up 0.47 or 1.09 % for the day. Based on our analysis, QUALCOMM Inc.(QCOM) has rising momentum with an uptrend.

The closing price of QUALCOMM Inc.(QCOM) is above its 50 day moving average of 41.47 (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 Inc.(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 26-Mar-2008, about 26 trading days ago.