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Intel Corporation Message Board

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  • alexander.dumbass alexander.dumbass May 11, 2011 10:36 AM Flag

    Resistance Range 23.46-23.59

    Good timing call .... 8-)

    Technical analysis is good in the absence of news. Today, the dividend anouncement and reiterated the good outlook that analysts had been losing confidence in. NEWS trumps technical analysis and resets the technical analysis baselines.

    "Worldwide demand for computing continues to increase at a very rapid rate, putting Intel on track for revenue growth of over 20 percent this year," Chief Executive Paul Otellini said in a statement.

    Intel posted first-quarter results ahead of Wall Street expectations and forecast second-quarter revenue growth that defied fears that the company was struggling to find its footing as personal computer sales growth wanes.

35.15-0.28(-0.79%)Oct 21 4:00 PMEDT