Intel (INTC) PriceWatch Alert Shows Bullish Technicals
Posted: Wednesday, June 24, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Intel (NasdaqNM: INTC) closed yesterday at $15.81. So far the stock has hit a 52-week low of $12.05 and 52-week high of $24.75. Intel stock has been showing support around 15.42 and resistance in the 16.18 range. Technical indicators for the stock are Bullish and S&P gives INTC a positive 4 STAR (out of 5) buy rating. INTC appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at an Oct '09 15 covered call (NQ JC) for a net debit in the $14.09 area. That is also the break even stock price for this trade. This covered call has an 115 day duration, provides 10.88% downside protection and a 6.46% assigned return rate for a 20.50% annualized return rate (comparison purposes only). Intel has a current annual dividend yield of 3.50%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Intel (INTC) Stock ReportSee what our analysts have uncovered about Intel (INTC).