INTEL CORP
(INTC-Nasdaq):
Technical Viewpoint: From a low
of $65.00 on Oct 19, 1999 prices
rallied, reaching a
high of $83 7/8
on Nov 5, 1999. A
decline saw prices pull back, reaching a
low of
$70.56 on Dec 13, 1999.
Another rally saw prices penetrate
resistance, closing 12/15/99
at $78.94. Technicals: RSI Index (RSI): A Buy Alert!
was given on Dec 15, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $71 1/4. Resistance: Is at $80.00.
Point & Figure: Reversed to the upside on Dec 15, 1999. A P&F upside
reversal takes place at $73 1/2. Summary: Technical indicators have turned bullish. BUY! INTEL CORP
(INTC-Nasdaq) @ $79 1/4 Stop: Use a protective stop of $76 3/8.
INTEL CORP is currently trading @ $78.94 plus $6 1/2 on Dec 15, 1999. Price Objective:
$103 1/2. Risk/Reward: $2 7/8 VS. $24 1/4. Today's Risk Reward Ratio: 8:1
|
Click here to view full size chart
|