Intel was down 5% ,
INTC shares was down 5% after reported yesterday a 39 percent drop in fourth-quarter earnings and predicted lower-than-expected profit margins which sent semiconductor stocks down in Wednesday's session. The technical chart shows a big drop after the earnings report however the 50 dma was the support for the stock that closed at 21.04$. Let's see if the stock will rebound tomorrow. Click in the chart to enlarge , and check the channel with the support and resistance.
Stock to watch tomorrow : WM , CVTX , NVEC , IOC
Highlights for tomorrow : CPI Consensus : CPI 0.4%, core 0.2% ; Housing starts : starts 1570K, permits 1505K
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!
AC
Stock to watch tomorrow : WM , CVTX , NVEC , IOC
Highlights for tomorrow : CPI Consensus : CPI 0.4%, core 0.2% ; Housing starts : starts 1570K, permits 1505K
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!
AC
Labels: INTC
