Intel (INTC) stock was another stock I discussed on the weekend in my Stock Market Outlook – The Week Ahead article. Overall I was expecting some weakness in the tech stocks I discussed in that article, partly because they have had a nice run higher, but also because they are a bit overvalued for the moment. With the run-up in stocks like Intel (INTC) stock, investors have some profits and therefore taking profits as soon as weakness appeared would be an obvious choices.
Weakness In Intel (INTC) Stock
The said this same weakness is what I was hoping for to set up more trades in Intel (INTC) Stock. This has opened up some Put Selling opportunities ahead of the earnings which are on April 19.
Intel (INTC) Stock Chart
The chart for Intel (INTC) stock for the past 3 months below shows the dramatic run-up in the stock. The gain is 16.9% for one of the better rallies in a year for Intel Stock.
Intel Stock reached a low of just below $28 on Feb 11 and on March 18 it reached an intraday high of $32.69 and again on Mar 30 it reached $32.75. The inability of the stock to push much higher has resulted in the stock pulling back. Today the stock is down over 2% trading below $32.
Intel (INTC) Stock to Apr 4 2016
Intel (INTC) Stock Chart Down Over 2% – Trade Alert For Apr 4 2016
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
Internal Intel Stock Links
Members Only Articles On Intel Stock
Review 2013 Intel Stock Trades
Review 2012 Intel Stock Trades
Review 2011 Intel Stock Trades
Review 2010 Intel Stock Trades
All Intel Stock Posts With Excerpts