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INTC Looks Healthy and Promising Technically


This group of big-cap technology names shows the various positions of Microsoft Corporation (MSFT), Apple Inc. (AAPL), Cisco Systems, Inc. (CSCO), and Intel Corportation (INTC).

While MSFT exhibits the most bullish pattern, it remains in a high-level digestion period that could involve a pullback into the 51-50 support zone prior to upside continuation.

INTC exhibits the most near-term upside potential after its surge in reaction to bullish news announced at its Nov 19 Investor Conference, which has positioned the stock to accelerate to the upside above its Oct high at 35.03.

By contrast, AAPL and CSCO, while in near-term potent rally efforts, remain challenged by heavy resistance (that already has been cleared by MSFT and INTC).

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