saabeer
18-12-2001, Tue 9:40 AM
http://www.pristine.com/sotw/images/sotw_121801_01.gif
Closing Price: $33.97 - Average Volume: 53,766K - PE: 61.84 - EPS: 0.54
Company Profile: Intel Corporation is a semiconductor chip maker, supplying the computing and communications industries with chips, boards and systems building blocks that are integral to computers, servers and networking and communications products. Its products are offered at various levels of integration, and are used by industry members to create advanced computing and communications systems. The Company historically was organized into five product line operating segments, consisting of the Intel Architecture Group, the Wireless Communications and Computing Group, the Communications Products Group, the Network Communications Group and the New Business Group. In March 2001, the Company announced that it is combining its Network Communications Group and its Communications Products Group into a single business unit aimed at providing building blocks for networking and telecommunications customers worldwide.
Trading Strategy: INTC has been in an uptrend for several weeks. Notice the recent correction through time suggesting that INTC is just resting before another move higher.
Tip: A correction through time in the context of an uptrend often produces a move higher, equal to the move before the correction.
The Play: We'll look to buy INTC once it trades above $34.00 with our stop at $32.98. Medium Risk.
Objective: Our objective will be $1.50 to $3.00 over the next week. Once $0.50 in gains have been reached, move stop to break-even.
SPW Update: MACR gained $3.10 at high to meet objective. Have a great week!
Closing Price: $33.97 - Average Volume: 53,766K - PE: 61.84 - EPS: 0.54
Company Profile: Intel Corporation is a semiconductor chip maker, supplying the computing and communications industries with chips, boards and systems building blocks that are integral to computers, servers and networking and communications products. Its products are offered at various levels of integration, and are used by industry members to create advanced computing and communications systems. The Company historically was organized into five product line operating segments, consisting of the Intel Architecture Group, the Wireless Communications and Computing Group, the Communications Products Group, the Network Communications Group and the New Business Group. In March 2001, the Company announced that it is combining its Network Communications Group and its Communications Products Group into a single business unit aimed at providing building blocks for networking and telecommunications customers worldwide.
Trading Strategy: INTC has been in an uptrend for several weeks. Notice the recent correction through time suggesting that INTC is just resting before another move higher.
Tip: A correction through time in the context of an uptrend often produces a move higher, equal to the move before the correction.
The Play: We'll look to buy INTC once it trades above $34.00 with our stop at $32.98. Medium Risk.
Objective: Our objective will be $1.50 to $3.00 over the next week. Once $0.50 in gains have been reached, move stop to break-even.
SPW Update: MACR gained $3.10 at high to meet objective. Have a great week!