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JimVanMeerten (67.58)

Intel buy signals

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August 17, 2011 – Comments (0) | RELATED TICKERS: INTC

Complete article with graphs


Intel (INTC) is one of the bright spots in the tech industry.  This year they have been adding new customers, and not only is the sales per customer increasing but more importantly the price on their units is increasing also.  They have not had to resort to the discounting some of the other companies have experienced in order to move products out the door.  The recent price drop I believe is temporary and now is the time to push the buy button.

Barchart technical indicators:

1 - The 33% Barchart technical sell indicator is weakening which may be a sign of a price turnaround

2 - Trend Spotter sell signal is also weakening

3 - The stock is trading below its 20, 50 and 100 day moving average but has recovered over 4.50% in the last 2 days

4 - This last month the stock did experience 11down days and is 12.52% off its recent high

5 - The Relative Strength Index is 41.82% but rising

6 - The stock closed yesterday at 20.76 which is 4.23% below its 50 day moving average of 21.75

7 - Barchart computes a support level at 19.68

Summary:  I think this is a very opportune time to buy Intel (INTC).  If the sales and earnings projections are true, dividend rates maintain their percentage of earnings and the stock returns to a more normal P/E ratio investors could see a 28% - 32% annual total return over the next 5 years.

Data and charts provided with permission from Barchart

Jim Van Meerten is a Marketocracy Master

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