INTEL CORP
(INTC-Nasdaq):
Technical Viewpoint: From a low
of $23.22 on Aug 1, 2007 prices
rallied, reaching a
high of $24.77
on Aug 8, 2007. A
decline saw prices pull back, reaching a
low of
$22.09 on Aug 16, 2007.
Another rally saw prices penetrate
resistance, closing 8/24/07
at $24.79. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 24, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $23.00. Resistance: Is at $25.30.
Point & Figure: Reversed to the upside on Jul 26, 2007. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! INTEL CORP
(INTC-Nasdaq) @ $25.13 Stop: Use a protective stop of $23.13.
INTEL CORP is currently trading @ $24.79 plus $0.56 on Aug 24, 2007. Price Objective:
$33.75. Risk/Reward: $2.00 VS. $8.62. Today's Risk Reward Ratio: 4:1
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