Qualcomm Inc. (QCOM) has made a big upside breakout. We reviewed the charts and indicators of QCOM a month ago on June 29 and wrote that, "Aggressive traders could go long QCOM at current levels, risking a close below $83. Add to longs on strength above $93. The $96-$100 area is our first price target."
With QCOM trading around $105 Thursday on a gap to the upside, a fresh look at the charts is in order.