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Old 09-01-2007, 01:56 AM   #1
Harry Aloof
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Default Intel (INTC) - August 27, 2007

From Wall Street Trader's Column

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

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