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Wednesday, January 17, 2007 

Intel was down 5% ,

Chart courtesy of stockcharts

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 !!!



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About Me

  • 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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