Close 23.03 Change +0.27 Volume(00) 663312 Open 22.86 High 23.20 Low 22.82
Opinion LONG Date Opinion Formed 4/28/11 Price Opinion Formed 22.63 Score 0 C-Rate 6.6 Power Rating 81
Stock is a Buy.
Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend. Chart pattern indicates a Strong Upward Trend. Relative Strength is Bullish. Up/Down volume pattern indicates that the stock is under Accumulation. The 50 day Moving Average is rising which is Bullish. The 200 day Moving Average is rising which is Bullish. Look for Support at 19.52 Price is above Resistance of 22.37 which is Bullish.
Yr. High 23.86 Yr. Low 17.6 MO Chg.(%) 14.5 Trend Line Resistance 22.37 Trend Line Support 19.52 Resistance Range 23.46-23.59 Support Range 22.65-22.72 SELL STOP 20.01 Volatility(%) 2.1 Position 81 ADXR 35 MA Price % Slope 10 Day 23.09 100.0 UP 21 Day 21.74 106.0 UP 50 Day 21.01 110.0 UP 200 Day 20.56 112.0 UP
Ave Volume(00) 843277 MO Chg.(%) 43.2
U/D Ratio 1.5 U/D Slope UP
On Balance Volume BL Positive OBV BL Negative OBV BL
May 17 investor meeting coming up next week. Some strong confident comments will be made about continued growth for Intel for many years. But at any time, Intel may turn up the heat with some buyback pressure. That alone will break any resistance along the way to the $30's. Can't see why Intel will not get there this year. Especially if Intel proves in the next 2 to 3 months that they are on their way to earnings above $2.50 a share. Then $30 will only be 12 times earnings.
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.