The Closing Print live trading and financial blog during market hours.

Technology Stocks

Big-cap technology stocks have reversed and exhibit potential for further gains. Intel, in particular, surged back above it’s 20 SMA gaining more than 6%. MSFT, CSCO, AAPL, IBM and many of the semiconductor stocks pushed higher. In addition, the “Most Active” stocks on Monday were from the technology group.

Most Active 03-27-2018 technology stocks

Intel (INTC) and the Technology Sector

We entered a partial position in INTC yesterday during the LIVE session. We will look for conditions that warrant adding to our position in the next few days.

Bollinger bands are tight and ready to expand. RSI is rising as volume increases to above average levels. As price action lifts further it will enter into an area lacking supply. We are looking for MACD to turn and crossover as a function of price.

INTC technology stocks

Intel (INTC) reported 4th Quarter December 2017 earnings of $1.08 per share on revenue of $17.1 billion. The consensus earnings estimate was $0.86 per share on revenue of $16.3 billion. Revenue grew 4.1% on a year-over-year basis.

INTC Reports 1st Quarter Earnings on 04/26/2018

The company said it expects first-quarter earnings of $0.65 to $0.75 per share on revenue of $14.50 billion to $15.50 billion and 2018 earnings of $3.37 to $3.73 per share on revenue of $64.0 billion to $66.0 billion. The current consensus earnings estimate is $0.73 per share on revenue of $15.02 billion for the quarter ending March 31, 2018 and $3.30 per share on revenue of $63.62 billion for the year ending December 31, 2018.

We will exit our Intel position prior to earnings. If we take any covered call positions we will look to weekly options that expire before earnings.

Technology Stocks

The NASDAQ 100 is switching to a bullish trend on the 60-minute timeframe in the short-term. We will focus on long positions in the technology stocks listed above as long as price remains above the 20 EMA on this timeframe.

NDX60 Technology

We’ll be LIVE at 9:20 AM – see you then,

Happy Tuesday,


Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.