Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.66

-0.1%

Jan 16 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Canuck who wrote (21903)	7/6/1999 3:56:00 PM
From: Johnny Canuck	Read Replies (2) of 69862

06-Jul-99 11:05:10 Shares of semiconductor giant Intel Corp received a boost from positive sell-side reports this morning. The stock is trading $1 3/4 stronger at $65 1/4 on strong volume after both Merrill Lynch and Prudential Securities issued upgrades. A review of Intel's trading data revealed a moderate level of block trading with just 25% of the 12.5 million share volume attributable to trades greater than 10,000 shares. The Thomson I-Watch data indicates there is a solid level of interest in selling into today's rise among institutional brokers. These sellers have served to cap the stock's gains in the $65 1/2 to 5/8 range. Bidding from the institutional community has been relatively light - this data combined with the modest block volume suggests much of today's rise is attributable to day trading by both professional and retail traders. As we've mentioned previously, trading related to day trading tends to be more susceptible to profit taking than price movements resulting from institutional trading.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next