Intel. A bang for the buck.
After a huge downtrend, Intel began its recovery in October 2012. It has kept a constant pace at moderate price increases. An ascending triangle has formed. The price is just under the pivot point but above the 50% fib line. It is under both the 20 and 50 SMA but over the 200 SMA. I would buy the stock as it is now. There is a nice opportunity to take a 6% gain in a couple of weeks. Another entry here for me would be at the lower line of the triangle. It would be up to you. Either way, the stock is a bargain. It has a dividend of 3.77% which is HUGE compared to other stocks'. This company is safe and reliable.
Price Target: $25.30
Price Entry: $23.90
Stop-loss: $23.10
Check out my website for more articles: fonzotrader.com
On November 29, 2013 I'll publish the full article on my website!
Price Target: $25.30
Price Entry: $23.90
Stop-loss: $23.10
Check out my website for more articles: fonzotrader.com
On November 29, 2013 I'll publish the full article on my website!
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