Qualcomm Inc. (QCOM) announced its fourth-quarter numbers Wednesday night and the stock was trading higher before Thursday's opening bell as its earnings beat expectations. QCOM is the Stock of the Day at Real Money, so let's check the charts again here on Thursday morning.
We reviewed the charts of QCOM on Monday. We wrote at that time, "Risking below $80, traders could hold existing longs and consider new longs ahead of earnings this week. $93 and then $100 are our upside price targets."