With Intel stock sliding below $32.00 this morning there is probably more downside ahead. Looking at the past 6 months though, you can see that the drop this morning also happened back in October when that correction took Intel stock down 15.7% from its then recent high to a low of $29.65. Following that low the stock rose to a new high of $37.90 on Dec 5. If the stock break down to $30 it will mark a decline of 20.8%. Almost bear market territory for the stock if that happens. I plan to be there every step of the way. You can see that accumulation has been heavy in the stock and continues to be so.
My Intel stock trades have had the best start to the year than in any prior year. Trades in Intel stock have already returned 6.8% against present capital in use.
This is a trade alert and discussion article for the trade done this lunch hour in Intel stock.
This trade alert and strategy outline are for USA Members.
Intel Stock – Trade Alert and Strategy Discussion for Mar 10 2015
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.