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Technology Stocks : INTEL FOR TECHNICIANS

INTC 41.34

-0.4%

3:59 PM EDT

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To: Angelo Ferraro who wrote (1509)	8/7/1998 3:13:00 PM
From: Angelo Ferraro	Read Replies (1) of 1513

Intel the "Technical Pick of the Day" at the Wall Street Trader's Column at nordby.com Unfortunately, the information at the site will only remain up for 24 hours. Excerpt as follows-- Technical Viewpoint: From a low of $72 1/4 on July 6, 1998 prices rallied, reaching a high of $88 1/4 on July 28, 1998. A decline saw prices pull back, reaching a low of $81 1/8 on Aug 5, 1998. Another rally saw prices penetrate resistance line "A", closing yesterday at $87.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 26, 1998 when the Histogram crossed the "0" line to the upside. Support: Remains at $81.00. Resistance: Is at 88.00. Point & Figure: Reversed to the upside on Aug 6, 1998. A P&F downside reversal takes place at $84.00. Summary: Technical indicators have turned bullish. BUY! INTEL CORP (INTC-Nasdaq) @ $87 5/8 Stop. Use a protective stop of $84 3/4.

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