INTC very active inafter-hours
Tuesday, October 16, 2007
Chart courtesy of stockcharts

Shares of Intel will be in focus tomorrow after company said Tuesday that its third-quarter earnings rose 43% as strong demand for notebook computers drove sales of the company's microprocessors. Net income for the quarter ended Sept. 29 grew to $1.86 billion, or 31 cents per share, from $1.30 billion, or 22 cents per share, a year ago. Looking at the daily chart stock is trading in a clear consolation phase but above its 50 dma and 200 dma, in a Bull Market. So, keep an eye on INTC tomorrow for a possible breakout over $26.43.

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posted by Pro Investor Trader at 1:23 PM | Permalink


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