Chart Examination – EMC, INTC

November 1st, 2007

Filed under:
Stock Recommendations

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    • 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?)
    Sold Intel (INTC) Naked Puts (My Trader's Journal, 1/11/10)
    Recent New Stock Highs (Stock Trading To Go, 10/26/07)
    BULLS ON PARADE IN INTEL OPTIONS AHEAD OF REPORT (THE PRAGMATIC CAPITALIST, 1/14/10)
    Read more on EMC, Intel at Wikinvest

    Free Analysis. Get a free trend analysis for any market... any stock... any time.

    • 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.
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