Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.89

-0.1%

3:59 PM EST

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To: Thomas G. Busillo who wrote (55846)	5/20/1998 11:46:00 AM
From: Chip Anderson	Read Replies (2) of 186894

I've just update the Intel stock chart on my site - coolhistory.com Here's what I see happening in this chart: This price is currently bouncing between its 50-day moving average and its 200-day moving average. I am very cautious of stocks that are below their 50-day MA. The MACD indicator gave a sell signal 2 days ago. While I'm somewhat skeptical of this indicator, I know that _lots_ of other people watch it closely. The On Balance Volume indicator is below its 50-day moving average. OBV combines a stock's price movements with its volume. I am very cautious of stocks whose OBV is below its 50-day moving average. From a support/resistance perspective, INTC is hitting strong resistance around 84. There is minor support at 80, better support at 75 and strong support at 71. What's the good news? - umm... well... _Technically_ there's not much right now. Hopefully INTC can hold 80 for awhile and build a good base for moving higher. Disclosure: I am neither long nor short INTC at this time. FWIW, Chip coolhistory.com

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