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.
