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Intel Corporation Message Board

  • trader_the trader_the Jul 16, 2013 12:14 AM Flag

    Did you see the action at the end?

    This is where Intel trading diverged from SPY and QQQ today. Very significant. Whole day intel traded in a narrow range with low volume and then picked a huge momentum at the end. Such narrow range accumulation followed by a huge run like this means a lot, specifically that there is heavy manipulation and accumulation in anticipation of the earnings release. I would assume another day or 2 of narrow range and post earnings huge run up, wont be surprised if INTC hits 30 by the end of this month

    Sentiment: Strong Buy

 
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