Qualcomm (QCOM)

Qualcomm (QCOM) has been a great example at how some stocks are best when your buying them near support instead of after the break of a trend line or resistance.  Waiting for a break often left you down on the position in the coming days.  QCOM tested the longer term uptrend line on the first few pull backs but has not been there for a while and recent dips held the 50 day SMA. QCOM received a recent downgrade of sorts by Goldman Sachs from Conviction Buy to Buy but they left the $80 price target.  That price target would…