Thursday, September 22, 2005
One stock I think you should own
INTC- Intel
The technicals for this stock should boost it up a few points, enough for nearly 10% gain with the stock itself, or more with options. I would suggest the options.
INTC is in a downtrend at the moment but has been in an uptrend over the longer term. I think it is falling back to the trend and will settle at the 23.70-24 level, with 23.78 being a rather strong support. At this level I think you should go in with some decent amounts. This is not only the stock to own for the long term, but short term as well. I think a bounce off 23.78 will cause it to return to 26 or so. A cool profit of roughly 10%. Right now it is testing resistance at 25.05 level and I see upper 23s soon. This downward trend is about to be over
For the purpose of distributing wealth to the younger generations...
The technicals for this stock should boost it up a few points, enough for nearly 10% gain with the stock itself, or more with options. I would suggest the options.
INTC is in a downtrend at the moment but has been in an uptrend over the longer term. I think it is falling back to the trend and will settle at the 23.70-24 level, with 23.78 being a rather strong support. At this level I think you should go in with some decent amounts. This is not only the stock to own for the long term, but short term as well. I think a bounce off 23.78 will cause it to return to 26 or so. A cool profit of roughly 10%. Right now it is testing resistance at 25.05 level and I see upper 23s soon. This downward trend is about to be over
For the purpose of distributing wealth to the younger generations...
