Let Others Be the First to Buy Intel's Stock on a Pullback

We reviewed Intel Corp. (INTC)  less than a month ago, and the stock looked very strong. We summed up our thinking this way: "The bulls are in control. INTC is pointed up. Traders and investors should write these targets down in their trading ledger -- $50, $54.62 and then the $73-$75 area. Traders could raise their sell stops to a close below $44." Almost as quickly as the December rally started, it ended. Let's take a fresh look at the charts and indicators on this member of the Dow Jones Industrial Average (DJIA).

In this daily bar chart of INTC, below, we can see that at the beginning of the year the stock quickly dropped below the 50-day moving average -- maybe faster than the ball in Times Square! Prices stabilized/bounced a couple of sessions, but failed to break back above the 50-day line....228 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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