Signal With 71% Accuracy Says This Tech Icon is a Long-Term 'Buy'
Many traders try to make decisions using short-term charts, some looking at charts using bars that update every minute or less. These time frames can be useful but individual traders should normally use longer-term charts. Wall Street powerhouses are competing against high-frequency trading firms for the intraday profits that are available and individual traders probably can't match their advantages. Daily charts could be more useful for individuals, but weekly and monthly charts should also be considered.
Recommended Trade Setups:
-- Buy INTC at $22 or less
-- Set stop-loss at $19
-- Set price target at $25.20 for a potential 22% gain in 21 months, assuming dividend payments remain unchanged
-- Buy INTC Jan 2015 20 Calls at $3.50 or less
-- Set stop-loss at $1.50 (in dollar terms, the risk is less than the risk of buying the stock)
-- Set price target at $5.20 for a potential 49% gain in 22 months