Looking for a back door into Apple (AAPL β NASDAQ)βs iPhone 5 launch?
You canβt do better than Qualcomm (QCOM β NASDAQ).
According to reports out of repair outfit iFixit, the hot new smartphone will arrive loaded with Qualcomm chip sets.
If sales play out as promised (and when has Apple ever failed to deliver sales on a launch?), QCOMβs bottom line ought to see a strong bump come the next quarterly report.
Price found support at the Fibonacci 61.8% marker and broke the old falling trend at the 50-day moving average.
The strength of this move was confirmed by an MACD Buyers Cross and Positive A/D share accumulation.
Then QCOM rode that strength up through resistance at F. 50%, the 200-day average, and the F. 38.2% markers.
Bottarelli Research Tip: The last four times QCOM generated this signal set, its average gain was 69.57%. A gain like that now would see QCOM hit $91.38 before the dust settles.
– Bottarelli Research
Source: Bottarelli Research