Monday, 30 November 2015

INTC - a third month higher

Whilst the broader market ended the month moderately weak, there was notable strength in Intel (INTC), which closed +1.0% @ $34.79. November saw the third consecutive net monthly gain of +3.5%. Next upside target are the $37s.

INTC, daily

INTC, monthly


Suffice to say, a third month higher, and INTC remains one of the leading Dow/Tech stocks out there.

It lead the way down from mid May... and it lead the way up from the Aug' low.

The $37s look viable by mid/late January. The big $40 threshold does not look viable until March/April.