Harry Aloof
09-01-2007, 01:56 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
INTEL CORP (INTC-Nasdaq): Technical Viewpoint: From a low of $23.22 on Aug 1, 2007 prices rallied, reaching a high of $24.77 on Aug 8, 2007. A decline saw prices pull back, reaching a low of $22.09 on Aug 16, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $24.79. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 24, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $23.00. Resistance: Is at $25.30. Point & Figure: Reversed to the upside on Jul 26, 2007. A P&F downside reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! INTEL CORP (INTC-Nasdaq) @ $25.13 Stop: Use a protective stop of $23.13. INTEL CORP is currently trading @ $24.79 plus $0.56 on Aug 24, 2007.
Price Objective: $33.75
Risk/Reward: $2.00 VS. $8.62
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2180-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
INTEL CORP (INTC-Nasdaq): Technical Viewpoint: From a low of $23.22 on Aug 1, 2007 prices rallied, reaching a high of $24.77 on Aug 8, 2007. A decline saw prices pull back, reaching a low of $22.09 on Aug 16, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $24.79. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 24, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $23.00. Resistance: Is at $25.30. Point & Figure: Reversed to the upside on Jul 26, 2007. A P&F downside reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! INTEL CORP (INTC-Nasdaq) @ $25.13 Stop: Use a protective stop of $23.13. INTEL CORP is currently trading @ $24.79 plus $0.56 on Aug 24, 2007.
Price Objective: $33.75
Risk/Reward: $2.00 VS. $8.62
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2180-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)