Intel Corp (INTC)

[techno_bull]

Article is a quick read on TA for INTC. Good advice on using multiple technical indicators rather than those to-the-penny panic cries.

With its higher lows in August and again in early October, INTC slightly undercut its 200-day simple moving average both times but held its November 2012 uptrend line all the while. This shows the importance of using multiple technical indicators and looking for confluence areas rather than to-the-penny absolute levels.

From here, INTC looks poised to break past its multi-month resistance line and move back toward its 52-week high from June and beyond.

Action to Take -->
-- Buy INTC at the market price
-- Set stop-loss order at $23
-- Set initial price target at $28 for a potential 16% gain in eight to 12 weeks

http://finance.yahoo.com/news/intels-due-16-pop-chart-120000647.html