Intel Corp (NASDAQ: INTC) Reaches December Highs Says Market Timer Frank Kollar
March 25, 2009 (FinancialWire) (By Frank Kollar)
Shares of Intel Corp (NASDAQ: INTC) have reached their December 2008 rally highs after four months of sideways trading.
Those highs were reached in Monday’s huge stock market rally, but Intel Corp had been advancing at a steady pace for almost three weeks already.
This resistance level is critical to Intel Corp’s continued rally. Intel needs to close above $15.65 in coming days to continue higher. If it does, we could see a solid move as high as $18.34 over coming weeks.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Intel Corp.
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.
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.
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