Intel Corp (NASDAQ: INTC) Shares Surge Higher Says Market Timer Frank Kollar
December 26, 2007 (FinancialWire) (By Frank Kollar)
Shares of Intel Corp (NASDAQ: INTC) continued its holiday rally in Monday’s half day of trading and closed above strong resistance.
The close above resistance at $26.97 forecasts a likely run for the prior highs reached in late November. Those highs are at $28 a share. This advance is a bit over extended though so unless you are an aggressive trader, you may want to wait for profit taking to create a lower entry level.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy has a position in the Intel.
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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