Intel (INTC) Soars Intra-day

Intel Corp. (NASDAQ:INTC) is rallying sharply higher this morning. The stock is trading higher by 0.68 cents to $21.97 a share. The stock should have intra-day resistance around the $22.10 level. This was a level where the stock faced major resistance just five trading sessions ago. As we say in trading, let the stock prove that it can break out. Until then the $22.10 level is still the resistance point.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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