The major U.S. Indices rose to session highs by the Wednesday close. The big cap S&P500 SPDR ETF (SPY) rose 1% as stocks held firm into the close.
Intel (INTC) was the clear leader among blue chips. Volume increased surging +64% above average. Shares of Intel rose above their 200-day moving average for the first time since March 2022
Intel 2024 earnings are slated to surge markedly from current levels. That alone should assist investor interest in the months to come.
The company’s IBD SmartSelect Composite Rating rose to a new high of 62. We’d like to see that number rise to 90 or better in the coming months.
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