INTEL CORP
(INTC-Nasdaq):
Technical Viewpoint: From a low
of $74.00 on Nov 15, 1999 prices
rallied, reaching a
high of $82 1/4
on Nov 24, 1999. A
decline saw prices pull back, reaching a
low of
$70.56 on Dec 13, 1999.
Another rally saw prices penetrate
resistance, closing 12/27/99
at $85.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 17, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $80.00. Resistance: Is at $89 1/2.
Point & Figure: Reversed to the upside on Dec 21, 1999. A P&F upside
reversal takes place at $82.00. Summary: Technical indicators have turned bullish. BUY! INTEL CORP
(INTC-Nasdaq) @ $85 1/4 Stop: Use a protective stop of $82 3/8.
INTEL CORP is currently trading @ $85.06 plus $1.93 on Dec 27, 1999. Price Objective:
$102.00. Risk/Reward: $2 7/8 VS. $16 3/4. Today's Risk Reward Ratio: 6:1
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