Intel is trying to breakout, but there's not much volume to push it along.
Today's high above the previous highs going back to January 2001 were breached, but then the close didn't hold above the breakout level.
All eyes may be on INTC over the weekend since it made new highs.
On the shorter-term daily chart, the volume was swelling quite a bit, but on the monthly time frame, INTC has been quiet in both price and volume with volume trending down quite a bit as investors focus on other names in the sector, especially NVDA NVidia.
Time will tell if INTC can make a push to much higher price levels and get out of this giant base formation.
Stay tuned.
Tim West 4:51PM Friday, January 27, 2017
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A-shot
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Does it look like a cup and handle?
timwest
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@2use, I figured that would be what IBD would report over the weekend. Let's see if they do. Barron's has an article saying the they think MSFT is a better buy than INTC... but haven't read the article yet. Maybe it will take a bigger rally on bigger volume to wake everyone up.
IvanLabrie
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Hopefully it manages to rally from here, despite the lower volume.