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Today's Stocks in Focus: (NASDAQ: QCOM), (NASDAQ : NVDA)


New York, NY -- (ReleaseWire) -- 01/07/2013 --Qualcomm Incorporated (NASDAQ: QCOM) stock closed its latest trading session at $63.50, down 1.47 percent from its previous close of $64.45, with high volumes. Its latest trading volume has been recorded at 13.801 million shares, in contrast to the average daily trading volume of 12.352 million shares. The stock opened the session at $64.10 and touched its highest price point at $64.35. Qualcomm stock’s lowest price point for the session stood at $63.22. The stock’s MACD chart shows bullish trend and the stock may test its first resistance level at $64.51. Qualcomm develops and markets digital communication services and devices. The company also deals in licensing of its intellectual property.

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Nvidia Corporation (NASDAQ: NVDA) shows neutral trend as the stock made an up movement in its latest trading session. It opened the session at $12.75 and remained in $12.71 and $13.19 price range during the session. The stock closed 3.30 percent higher at $13.15. Nvidia Corporation’s first support level is at $12.74. Upon breaching this level, the stock may touch $12.32. On the upside, its first resistance level is at $13.67. Nvidia Corporation announced the extension for its share buyback program. The company had started the program in 2004 and it has bought back 90.9 million shares so far.

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