Intermediate and near-term uptrend for Intel
The major trend is down for Intel (ticker:INTC) but the intermediate and near-term trends are up. The company reports after the bell on Thursday and this could be the catalyst to break above the resistance zone. But January options expire on Friday and there is always a tendency for a stock to be pinned to the nearest option price which is $22.50.
Reference the website for Intel to review the fundamental data and latest earnings report.
Relevant articles picked from the Web:
- Intel: An Ample Reward Awaits The Patient Investor — Seeling Alpha — January 23, 2013
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