Intel (INTC) Crosses Pivot Point Resistance at $23.80
3 minutes ago - Comtex SmarTrend(R) via Comtex
Comtex SmarTrend(R)SmarTrend has detected shares of Intel (NASDAQ:INTC) have bullishly opened above the pivot of $23.26 today and have reached the first resistance level of $23.80.
We are watching for a cross of the next upside pivot targets of $24.10 and $24.94. Also, the shares are currently trading above the 50-day moving average of $20.87 and above the 200-day moving average of $20.53.
In the last five trading sessions, the 50-day MA has climbed 0.36% while the 200-day MA has remained constant.
In the past 52 weeks, shares of Intel have traded between a low of $17.60 and a high of $23.56 and are now at $23.81, which is 35% above that low price.
SmarTrend currently has shares of Intel in an Uptrend and issued the Uptrend alert on April 20, 2011 at $21.19. The stock has risen 10.9% since the Uptrend alert was issued.
Market is behaving confidently that tomorrow will be a NON EVENT! This stock will be up OVER $1 tomorrow on "non event" data!:) RELENTLESS ACCUM here for the longer term...the 1st $2 BUMP in price here MATTERS for ULTIMATE %%% GAINS!!!!
INTC has an On balance Volumn of over 8,250,000 as of this moment.
Dreamed up technical barriers are foolish here this stock is underway for $40.00
Took my first Edwards and McGee class at 40 Wall in 1959
For your own benefit? For the stock benefit? Because of technical analysis?
Just because it's a feel good number for you?
Just curious. I'd love to see it go up more, but am just curious to see your logic...
INTC is at 52-week highs and most technical analysis sites don't have any resistance points above 52-week high we hit today.
$23.80 is the PIVOT POINT R1 level but I can see that being "critical".
The PP is $23.26 but I don't see INTC dropping back to that level. It likes $23.50 which makes me think there is some large trades in the option market being finalized.