Intel INTC Added to the Watchlist
We are obliged to add Intel (INTC) to the watchlist, as we discussed in the weekend video newsletter. Other stocks in the group are doing well, with CREE, AMD, KLAC, and LRCX basing or moving higher. All of these semiconductor stocks are worth a look, especially if SMH shows strength again this week.
Intel (INTC) Watchlist
Price action in the shares of Intel (INTC) is what caught our attention. MACD and RSI are trending higher, confirming momentum and relative strength in a weak tape last week.
Intel (INTC) price action is consolidating under the 200d.
Eight (8) analysts have a strong buy rating, whereas 12 issued a hold rating. There is room for more upgrades if the stock continues its bullish trend and moves above the 200d in the next few days.
Note sales and earnings are increasing, with Intel (INTC) reporting a beat of 39% four weeks ago. Management noted improving conditions.
Intel (INTC) sales and earnings are steadily increasing.
RS line continues its bullish trend, as volume remains persistently bullish.
We’ll add Intel (INTC) to the watchlist.
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Happy Trading,
Vinny
https://theclosingprint.com/CV_Blog/marketsmith-workflow-relative-strength/
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