Chart Examination - EMC, INTC

By TheWild1 at 1 November, 2007, 12:51 pm, Categories : Stock Recommendations

Here are some of the things I was looking at today.

EMC Corporation - EMC

  • When EMC had their nice run last week, I took off some of my position because I thought they would go back down in the next couple of days… still waiting. However, it is down today and we can only guess where it is going to go
  • For me to put my position back in, I would probably wait until the stock hits 24
  • Price Targets range from 27 down to 24
  • Lot of people are having trouble evaluating whether VMware (VMW) is too high or EMC is too low.

EMC 11-01-07

Intel - INTC

  • I see a cup and handle formation here and expect it breaking out pretty soon.
  • Target price is 30
  • So for right now I put that extra cash into INTC, while I wait to see what EMC is doing
  • I have bought this at 26.72

INTC 11-01-07

More on this topic (What's this?)
Motley Fool’s "Brand Inside a Brand: The Next Intel" (Stock Gumshoe, 10/31/07)
Scottrade Releases SmartText Analyzer (Stock Trading To Go, 11/14/07)
INTC: Look Ahead to December 2008 Results (Gauging Corporate Financial Reports, 11/17/08)
Read more on EMC, Intel at Wikinvest
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Comments
Jonathan November 1, 2007

I liked INTC prior to today….pattern is still some what intact. Guess I’ll wait it out.

I think the EMC chart is very nice. Should be a nice play when it comes back to the MA.

[Reply]

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