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.