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Technology Stocks : Intel Corporation (INTC)
INTC 42.42-5.9%3:34 PM EST
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To: Tony Viola who wrote (46270)1/23/1998 1:35:00 AM
From: Rarebird  Read Replies (1) of 186894
 
Intel's chart looks very intersting these days. A pennant formation is forming where it's hitting lower highs and higher lows. As the trading range narrows, technically speaking, a breakout is bound to happen short term. Since Intel has formed a double bottom around the $68 level, the breakout will most likely be to the upside. Fasten your seat belts!
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