What's Next For Intel Corp (NASDAQ: INTC)? Asks Market Timer Frank Kollar
October 18, 2006 (FinancialWire) (By Frank Kollar)
Shares of Intel Corporation (NASDAQ: INTC) dropped 3.3% on Tuesday as traders sold ahead of quarterly results, which were released after the close, as well as a downgrade from Goldman Sachs.
In September, when Intel was trading sideways below $20.00 a share, we wrote: “a decisive close above $20.00 and Intel should be set to make a run for our first target at $$22.07 a share.” Intel reached $22.03 a share Tuesday before reversing and closing at $20.90.
Forget the news events. They were the excuse. Traders wanted to sell Intel and take profits. But Wednesday is another day and if after-hours trading is any guide, Intel will make up all of Tuesday’s losses by the close. What is next for this popular technology stock?
A decisive close above $22.07 will then forecast a run to at least $23.35 in coming days, and possibly $25.17 in coming weeks. The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy has an open position in Intel.
Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
For up-to-the-minute news, features and links click on http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279
To become an investor monitor of independent research for a company in which you are invested, go to the not-for-profit Shareholders Research Alliance, Inc. website by clicking on http://www.shareholderresearch.com
The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268
© Copyright 1996-2006, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission.
Disclaimer: The financial markets are risky. Investing is risky. Past performance
does not guarantee future performance. The foregoing has been prepared solely
for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
