There were a few 5G names pushing higher today, including one of the expected big winners in the 5G space. Qualcomm (QCOM) looks all set up to run higher here with a nice breakout to new 5-month highs. The stock has been outperforming the S&P 500, shown on the purple area chart.
These new-tech stocks can make big moves over time. I have set up a chartlist of 5G names so I can keep checking in on what is working. QCOM and QRVO both look great. Don't forget to catch the ChartWatchers articles this weekend; there is always a nice sample of stories there from a wide variety of technical views.
Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst, StockCharts.com
Author, Stock Charts For Dummies
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