Intel Corp - INTC
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March 21, 2007
|
|
Last
Trade
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$19.34
|
|
Volume
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61,557,553
|
|
52-Week
High
|
$22.50
|
|
52-Week
Low
|
$16.75
|
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Commentary: For today's chart we've chosen to take a look at INTC
because it has been able to find support at the influential $19 level. As you
can see from the chart below, this level has been able to prop up the price in
the past and it will be interesting to see if it will continue to hold
over the next several weeks. Intel bulls will likely watch for a bounce toward
the resistance near $20 while the bears will watch for a drop below the support
and the corresponding move toward $18.20.
We've also added the MACD indicator, which has recently moved above its signal
line. This bullish crossover could be used to suggest that the bulls are
winning the fight and that a move toward $20 is more probable than the move
toward $18.
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