Higher Highs Ahead for Intel Corp (NASDAQ:
INTC) Says Market Timer Frank Kollar
October 14, 2009 (FinancialWire) (By Frank Kollar)
Shares of Intel Corp (NASDAQ: INTC) have been forecasting
good earnings news for the past week as they rallied to
new 2009 highs.
The highs come after a month long period of consolidation
at $20 a share that held shares at their August 2008 to
March 2009 61.8% retracement resistance level.
On Monday October 12 and Tuesday October 13, shares climbed
to new highs before Intel’s third-quarter earnings
were released. Intel then reported results higher than
expected and also a fourth-quarter outlook that exceeded
expectations.
So often the news is already reflected in the share prices.
Look for a continued rise to the $24 a share level in
coming weeks and months as INTC makes a run for its prior
August 2008 highs.
The Fibtimer.com (http://www.fibtimer.com)
Stock Timing Strategy holds a position in the 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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