djc023

Intel looking to make a RUN

Long
BATS:INTC   Intel Corporation
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Intel is preparing for a breakout of the upward trending channel. Previous gap fill and moving average crossovers indicate to me a push towards $22.00 as their earnings are released on 4/16/2013.

My Price Target is set long at $24.00

Comments

I suspect there is a final leg down to shake out the market and get the bottom feeders to pick up. I think when the yield gets close to 4.8ish the value guys will buy tons...Also they dont generate enough Free Cash Flow to maintain the dividend which it seems the market is prcing out.
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