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Monday, February 06, 2006 

Intel can rebound from these levels

Chart courtesy of stockcharts

The Tech giant Intel down more than 15 % since the report of there earnings, so now I think that we have some space to go Up from here, it still a very strong company. According to chart above INTC is in a very oversold conditions and looks like MACD histogram is turning up, so we can rebound from this lows, the volume also have decreased in the downside, so keep attention in this stock.

Today hot stocks

Alcoa - Was upgraded by JP Morgan to "overweight" from “neutral.”
GM - GM board may vote for a dividend cut at its meeting Monday.

That's All. Have a great evening !!!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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