Intel (INTC) – Breaking out from Symmetrical Triangle and Bullish!

Intel (INTC) is breaking out from a Symmetrical Triangle with increase in trading volume. This breakout is a bullish signal and also confirmed by the Technical Indicators. Price target is around $22.50.

Technical Indicators

  • Stock price above 20D, 50D and 200D MA.
  • MACD crossover and move into bullish convergence region.
  • RSI is going up.
  • Stochastic is going up.
  • Stock price is above Parabolic SAR line.
  • Stock price is at above Bollinger Band.