If you had asked me yesterday, I would have said that it was time for a breather. Intel made three days of new highs on so-so volume which often indicates topping action. Today we had an external event which pushed it higher 1.5% (which is less than the broader indexes are up).
I tried to look at the chart including the last time we were here and stockcharts won't display that data on free accounts so I need to use another charting site.
There is one institutionally bullish sign as that's the 50 day moving average crossing above the 200 day moving average. That's considered an institutional buy signal.
BTW, I'm long INTC and have had a nice ride. I am somewhat inclined to just let it ride for now. I have a few other companies in this category too. For the past several months, it's been a stockpicker's market - playing the indices would have just bounced your account around. We might get back to where the indices are a good bet again.
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