INTEL breakout this week !!!
Saturday, June 16, 2007
Chart courtesy of stockcharts

Looking at the chart Intel "INTC" has had a nice run over the past two months and made a nice trend higher. As seen by the chart, Intel breakout during this week a tremendous resistance at 23$, so now pullbacks in the stock should be valued as buying opportunities. I think stock should pullback to $23 ( resistance now becomes support ) per share before making the next move. From a technical perspective stock is trading in a Bull Market with s 50 day moving average on top of 200 day moving average. Have a nice weeken !!!!

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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posted by Pro Investor Trader at 8:25 AM | Permalink


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