Long Position on INTC @ $52.00 on 4/16/2018 (Momentum)

Intel Corporation (INTC) designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide.

The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

Its platforms are used in notebooks, desktops, and wireless and wired connectivity products; enterprise, cloud, and communication infrastructure market segments; and retail, automotive, industrial, and various other embedded applications. The company offers microprocessors, and system-on-chip and multichip packaging products.

It also provides NAND flash memory products primarily used in solid-state drives; and programmable semiconductors and related products for communications, data center, industrial, military, and automotive markets.

In addition, the company develops computer vision and machine learning, data analysis, localization, and mapping for advanced driver assistance systems and autonomous driving. It serves original equipment manufacturers, original design manufacturers, industrial and communication equipment manufacturers, and cloud service providers. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The formation is supported by the stock's 50-day moving average. The company reports its quarterly results on April 26th.

Entry Point: $52.00

Stop Loss: $49.40

52-Weeks Trading Range: $33.23 - $53.78

Target Price: $57.00

Updates

6/4/2018 9:41:55 AM

INTC closed at $57.23

Position closed on 6/4/2018 at price of $57.23 with a 10.06% gain in 49 days.

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