Intel posted a higher quarterly profit on Tuesday. Intel said that first-quarter net profit was $1.6 billion, or 27 cents per share, compared to $1.36 billion, or 23 cents per share, a year earlier. Revenue fell less than 1 percent to $8.85 billion. INTC is looking bullish at this point after breakout the downtrend line. In the technical daily chart the stock is in a rally with MACD above 0 and K line on top of D line indicating a buy signal, however the stock could see some selling pressure near 21.50$. Stock up nearly 1% in after hours.

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