INTC Watch

Intel Corp. (INTC) has moved into bull phase on the macd after 22 trading days on the bear side. The phase switch is confirmed by Person's Proprietary Signal, but not by the parabolic sar.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
INTC $21.52

At 1:50 p.m. Eastern

Intel's most recent trading has a tentative feel to it. I see it as a downtrend from the $24.37 swing high of April 15. since that date we've seen a lower low, a lower high, and yet a lower low (if the May 6 Flash Crash low is excluded as a meaningless breakdown in the execution of software assumptions).

The movement could also be seen as a rather sloppy sideways trend.

Whichever interpretation the trader chooses, a bull signal on INTC is counter-trend -- for the mid-term if the stock is trending downward, for the near-term if sideways.

The average direction index stands at 34, which suggests that signals will have real consequences for price. I'd also note that INTC is coming up to its earnings announcement, after the close on July 13, and so analysts will be a bit more active.

Reversal Levels

• $23.14, +7.5%
• $22.23, +3.3%
• $21.80, +1.3%
• $21.52 <== You are here.
• $20.03, -6.9%

Over the longer term INTC hasbeen in a decline from the high of $34.60 set Jan. 9, 2004.

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Abbreviations:

• psar - Parabolic Stop and Reverse
• adx - Average Directional Index
• pps - Person's Proprietary Signal
• ma20 - 20-day moving average
• macd - Moving Average Convergence-Divergence
• sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.