INTEL CORP
(INTC-Nasdaq):
Technical Viewpoint: From a low
of $77 3/8 on Jan 7, 2000 prices
rallied, reaching a
high of $106 5/8
on Jan 14, 2000. A
decline saw prices pull back, reaching a
low of
$92 7/8 on Jan 31, 2000.
Another rally saw prices penetrate
resistance, closing 2/1/00
at $101.44. 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 $92 7/8. Resistance: Is at $104 7/8.
Point & Figure: Reversed to the upside on Feb 1, 2000. A P&F upside
reversal takes place at $96.00. Summary: Technical indicators have turned bullish. BUY! INTEL CORP
(INTC-Nasdaq) @ $101 5/8 Stop: Use a protective stop of $98 3/4.
INTEL CORP is currently trading @ $101.44 plus $2 1/2 on Feb 1, 2000. Price Objective:
$115 1/2. Risk/Reward: $2 7/8 VS. $13 7/8. Today's Risk Reward Ratio: 5:1
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