3 Technical Reasons to Buy Intel

Intel Corp. (NASDAQ:INTC) — Intel is the world’s largest semiconductor chip maker, but for two years, the stock has traded in flat band from about $20 to $24. That may be coming to an end since the introduction of Ultrabooks and Windows 8 provides Intel with a new growth opportunity, according to Credit Suisse analysts. The company also should benefit from “Big Data/Fast Data trends.”

Earnings are estimated at $2.45 this year and $2.65 in 2012. At under 10 times earnings this widely recognized brand is targeted by analysts at $32-plus.

Technically the stock broke from the two-year consolidation in October with a price objective of $35. Note the two buy signals from our proprietary indicator, the Collins-Bollinger Reversal (CBR), the stochastic buy and increasing accumulation — three strong bullish indicators.

Intel has a dividend yield of 3.5% and a history of dividend increases. Buy under $23.50.

Trade of the Day – Intel Corp. (NASDAQ:INTC)
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Article printed from InvestorPlace Media, https://investorplace.com/2011/11/trade-of-the-day-intel-corp-nasdaq-intc/.

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