Intel Earnings Setup
On Thursday, after market, Intel (INTC), is anticipated to report first quarter EPS of $1.28 compared to $0.89 a year ago on sales of appx. 18.8B vs 16.1B last year. Based on options volatility the expected move of Intel after they report earnings is 6.8%. The last time the company reported earnings the stock price moved up +8.1%.
Looking at the chart from a technical analysis perspective, Intel's stock price remains supported by a rising trend line in place since the March low. The 20-day moving average has just crossed above the 50-day MA confirming a bullish crossover. If Intel can hold above overlap support at $56 we will look to close the gap above at $64.
Looking at the chart from a technical analysis perspective, Intel's stock price remains supported by a rising trend line in place since the March low. The 20-day moving average has just crossed above the 50-day MA confirming a bullish crossover. If Intel can hold above overlap support at $56 we will look to close the gap above at $64.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.