Intel (INTC) NewsBite - INTC Is On the Move

Posted: Monday, November 02, 2009 10:26 AM EDT

Intel (INTC) appears to be on the move today and is now at $18.99, down $0.14 (-0.73%) on volume of 8,179,703 shares traded. Over the last 52 weeks the stock has ranged from a low of $12.05 to a high of $21.27. INTC was covered in a Vic Wisemann report today. To read the report, and see what Vic thinks about the tech sector, go to www.marketintelligencecenter.com/vw110209 . Intel stock has been showing support around $18.46 and resistance in the $19.66 range. Technical indicators for the stock are bullish and S&P gives INTC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on INTC the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 21 range. [ABR-Seven Summits Strategic Investments NewsBite]

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