INTEL CORP
(INTC-Nasdaq):
Technical Viewpoint: From a low
of $118 3/4 on Dec 31, 1999 prices
rallied, reaching a
high of $143.69
on Jan 20, 1999. A
decline saw prices pull back, reaching a
low of
$126.56 on Jan 25, 1999.
Another rally saw prices penetrate
resistance, closing 1/29/99
at $140.94. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jan 26, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $129.00. Resistance: Is at $143 5/8.
Point & Figure: Reversed to the upside on Jan 26, 1999. A P&F upside
reversal takes place at $136 1/2. Summary: Technical indicators have turned bullish. BUY! INTEL CORP
(INTC-Nasdaq) @ $141 1/4 Stop: Use a protective stop of $137 7/8.
INTEL CORP is currently trading @ $140.94 plus $3 3/4 on Jan 29, 1999. Price Objective:
$165.00. Risk/Reward: $3 3/8 VS. $23 3/4. Today's Risk Reward Ratio: 7:1
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