Thursday, 14 July 2016

INTC - a sixth day higher

With the broader market closing moderately higher, there was similar continued strength in Intel (INTC), which settled +0.5% @ $35.20. With this week's break into the $35s, the door is open to challenge the Dec'2014 high of $36.14, after that... the $40 threshold.

INTC, daily

INTC, monthly


One of the most important hardware companies in the world, INTC is breaking up and away... along with the rest of the market.

The Dec' 2014 high in the low $36s is very viable this month, with $40 by mid September. From there, it would then require another 34% to test the Aug'2000 bubble high of $53.67.

Unquestionably, a superb company.

yours... processed via an intel i7 CPU.