Monday, March 26, 2012

Intel, nice looking up close... but far away?

The daily Intel (INTC) chart looks pretty sweet, higher highs and higher lows, a nice trend. Considering all the attention being paid to "mobile" chip producers this traditional chip producer continues to be robust. A good looking chart close-up, but...



The longer term chart look is bumping up against resistance levels established in 2005 and 2007. Watch for a break-out, positive, but a break down would indicate that the $28 will offer significant resistance. Not so great from a distance....

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