Intel Corp (INTC)

[Sarmad]

>> Has intc trading range moved up following the quarter results?

Yes I think so. I expect INTC range will move up by a dollar or so. Q1 profit was far better than expected. This means for the year Intel's EPS estimate should rise from 40c to about 60c. And next year's estimate should rise from about 80c to a dollar.

So for the near future, I expect there will be many days that we will see INTC near 16 or above. And very few days when it is below 15.

I will try to sell at high 15's or better for yesterday's buy at 15.20.