Wednesday, January 03, 2018 2:22:51 PM
Shares of Intel Corp (INTC) are being slammed today after reports emerged that the chip-maker has a serious security flaw in their chips. This potentially stretches back 10 years. With the stock down 6% on the day, investors are curious at what price, Intel can be bought. Based on the chart, a major gap fill is likely the downside target for a buy/bounce at $41.35. This is the level that offers the best support with the lowest risk versus reward. This is just a swing trade, so don't get married long term to Intel Corp.
Gareth Soloway
InTheMoneyStocks
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