Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Intel Corp. (NASDAQ:INTC) gapped down Friday morning in the wake of the chipmaker's first-quarter report.
Intel also issued second-quarter EPS guidelines that undershot Street estimates.
The stock was down 6.27% at $58.64 at last check Friday.
Intel's CEO said Thursday that the global semiconductor chip supply shortage could stretch two more years. Below is a technical analysis of the chart.
Bullish technical traders would like to see the stock find a base and begin to form higher lows. If higher lows can be built and the price can cross above the $68 level with consolidation, the price could see a stronger push to the bullish side.
Bearish technical traders would like to see the stock fall and break below the $44 support line. With some consolidation below this line, the price could see a strong dropoff.
Intel Corp. is the top holding in iShares PHLX Semiconductor ETF (NASDAQ:SOXX) and iShares MSCI USA Value Factor ETF (NASDAQ:VLUE) and a top five holding in ProShares Ultra Semiconductors ETF (NYSE:USD).
Photo courtesy of Intel.