t3live's Commentaries
Mar
9
2010
Intel is no Barn-burner...
by t3live
Overall Rating:
By: Scott Redler
But, after two quarters, no traction and lots of frustration, Intel (INTC) could be ready for a move. It happens about 3 times a year and when it does, it is completely worthwhile.
The trade triggers above $20.90-21.10. A daily close above that level should give us a trade through the old highs at $21.55 and pave the way for a move up to $22-23. It's not a barn-burner, but it does allow traders to take some size and execute with a good risk/reward ratio.
But, after two quarters, no traction and lots of frustration, Intel (INTC) could be ready for a move. It happens about 3 times a year and when it does, it is completely worthwhile.
The trade triggers above $20.90-21.10. A daily close above that level should give us a trade through the old highs at $21.55 and pave the way for a move up to $22-23. It's not a barn-burner, but it does allow traders to take some size and execute with a good risk/reward ratio.
Tags: intel | scott-redler | trade-ideas
