Chart of the Day: Can Intel Keep Running?


Intel has been rallying on hopes of a turnaround, and some chart watchers may see potential for more upside.

The first pattern on today’s chart is the series of lower highs since December 27. The chipmaker has tested the falling trendline over the last week. Could a breakout draw buyers from the sidelines?

Second, INTC’s …

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Intel (INTC), daily chart, with selected patterns and indicators, courtesy of TradingView.
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David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.