Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 54.26

+11.6%

3:59 PM EST

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To: who wrote (2141)	7/11/1996 6:54:00 PM
From: dppl	of 186894

Actually I'm not looking so much at MA or trendlines as where people have accumulated the stock. With INTC this looks like 72/73 then 68-70, so despite the breaking today we are still somewhat safe although entering a critical area. In theory if we break the shoulder line the fall should be about to 63. However, this hasn't quite been confirmed. Concerning the rally in communications stocks I heard that Morgan Stanley had issued a buy on the whole sector saying that it was the only good one out there now -- at 3PM. Apparently all of them popped right back then. It seems that the Nasdaq comp is sitting at 1100 - didn't really break though. However if it does, then INTC goes to 63 and NASDQ to 1050. good luck

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