Intel's (INTC) strong earnings report yesterday after the close has the stock up nearly $1 intraday to $24.35. While this may not seem like much of a big deal, it is a big deal to those that follow or own shares of Intel stock. Intel has been trading in a sideways range for more than two years now, and it's move today has finally pushed the stock above this range. If Intel can manage to close at or above current levels, it will be a very bullish sign for the stock.
No comments:
Post a Comment