Intel Corporation (NASDAQ: INTC), Ready To Rally? Asks Market Timer Frank Kollar
October 18, 2006 (FinancialWire) (By Frank Kollar)
Shares of Intel Corporation (NASDAQ: INTC) gapped at the open on Wednesday, October 17 th, and rallied to close up 5% for the day. Is this the start of a new advance for this widely held stock?
Intel closed right critical resistance, at $26.73. We look for a close above this for a confirmation of a new advance, and we are likely to get just that tomorrow or in coming days. The potential targets for a new advance in Intel are $28.37, and then $29.21.
Fibtimer.com (http://www.fibtimer.com) currently has a position in Intel Corp in its Stock Timing Strategy.
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.
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