Thursday, 19 November 2015

INTC - powering upward

Whilst the US market churned sideways, there was notable strength in Intel (INTC), which settled +3.5% @ $34.31, the highest level since Oct'23rd. Next key resistance is the $35 threshold, after that... a straight run to the $40s. The Aug' 2000 high of $56.61 is a valid target... on an 18/24 month outlook.

INTC, daily

INTC, weekly

INTC, monthly


Suffice to say... news of a dividend hike (24 to 26 cents a quarter)... along with a positive outlook for 2016, gave INTC a strong boost today... helping to build upon the gains already seen from the Monday morning low of $31.93.

*I am extremely bullish INTC... and would unquestionably deem it one of the finest companies in the world.