The daily chart for INTC shows declining momentum (12x3x3 daily slow stochastic) with the stock ending Wednesday between its 21-day and 50-day simple moving averages at $26.17 and $26.27 and above its 200-day simple moving average at $25.90. My semiannual value level is $21.14 with a weekly pivot at $26.12 and quarterly risky level at $27.12.
If you bought the stock last Friday at $24.95 on a "buy and trade" strategy, set your GTC Limit Order to book an 8.7% gain on strength to my quarterly risky level at $27.12.
Courtesy of Thomson / Reuters
At the time of publication, the author held no positions in any of the stocks mentioned.
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