Intel Corp

AAA

Disappointing earnings from two of the tech industry's bellwethers, Yahoo! and Intel, played a significant role in pushing the Nasdaq lower today. These worse-than-anticipated earnings could be a sign of things to come in the industry as other tech companies are set to release their earnings over the coming days/weeks. As you can see from the chart below, Intel shares were pushed substantially lower on extremely heavy volume toward the support near $22.50. We'd expect to see Intel shares head higher from here and try to fill today's large gap, but this outlook will change in the event we see the shares close below the $22.50 support.



INTC_011806.jpg
Related Analysis
  1. Forget About Falling Oil, Look Into These 5 MLPs
    Chart Advisor

    Forget About Falling Oil, Look Into These 5 MLPs

  2. Coffee Continues To Shine In The Commodities Market
    Chart Advisor

    Coffee Continues To Shine In The Commodities Market

  3. When To Buy Strongly Performing Stocks
    Chart Advisor

    When To Buy Strongly Performing Stocks

  4. The ADX Shows Strong Uptrends In These 4 Stocks
    Chart Advisor

    The ADX Shows Strong Uptrends In These 4 Stocks

  5. Falling Prices Are Dragging These Gold Stocks Down
    Chart Advisor

    Falling Prices Are Dragging These Gold Stocks Down

Trading Center