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July 2, 2009 (FinancialWire) (By Frank Kollar) -- Shares of Intel Corp (NASDAQ: INTC | Quote | Chart | News | PowerRating) have broken out above the $16.75 level which has held prices in check since April, 2009. How high can Intel go in this run?
Wednesday' breakout will continue to initial resistance at $18.42 in coming days. If Intel can make a decisive close above $18.42 the run can easily reach $19.91, some 17% higher than current levels.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Intel Corp.
Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.
Kollar's research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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