Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.14

-6.1%

Feb 10 3:59 PM EST

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To: Robert Hecht who wrote (5808)	11/27/1996 5:29:00 PM
From: Xpiderman	of 186894

Re: INTC's next resistance. Hi, Rob: Open a INTC 6 months daily price chart, you will notice INTC was moving up from July sell-off to today's new high within a price channel. From September, every time INTC hit its 20 day moving average it bounced back up. Now, the upper resistance line looks like the line from August high of 82, to October high of 115 and November high of 125 3/4. If you extend this line to late November, it shows about 132. Anyway, INTC could go down without touching 132. I feel most individual stocks' movement were determined by the market condition, and then their sector, and finally the company related news. Because INTC was so much weighted to many popular market index, the market condition makes even more influence to this stock. Xy

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