Analyst Observations | Nasdaq Dorsey Wright

Comments include: CRM, F, & QCOM.

CRM Salesforce Inc. ($236.73) - Software - Shares of CRM broke a double bottom at $240, ending its streak of consecutive buy signals once again. The 3 for 5'er moved to a positive trend at the end of July and regained near-term market relative strength as well, bringing it up told territory. The stock was previously in overbought territory, which explains some of the recent pullback, but investor should watch for further sustained improvement before looking to add. Initial support lies at $200 and $190, with the bullish support line at $186.

F Ford Motor Company ($13.10) - Autos and Parts - F broke a double bottom at $13 for the first sell signal in 12 months. The move brings F down to test the bullish support line, which would be violated with a move below $12.50 and subsequently drop the stock down to a 2 for 5'er. Beyond support at current prices, additional can be found at $11.50.

QCOM QUALCOMM Incorporated ($177.37) - Semiconductors - Shares of QCOM completed a seventh consecutive buy signal as it rebounds off its lows this summer. The 4 for 5'er has moved back into a positive trend and regained most of its relative strength, bringing it back into buy territory, especially with it consistently pushing higher. From here, initial resistance lies at $196 then $216.

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