Saturday 14 April 2012

INTC - a clue for the tech sector

Intel will be one to watch in the coming week for those wondering where the tech' sector might next be headed.

INTC, daily


INTC remains in a very strong uptrend, even a move down to the low 26s would not be that disastrous. Considering the state of the main market in recent days, INTC is holding up very well. Immediate upside would be $29, which is only 3%. So, the bulls - those looking for new market highs in the coming weeks, would certainly wish to see INTC break through the big $30 threshold.

*earnings are due AH, Tuesday April'17