OK so INTC (Intel) hit 52 week high today. When I look at the chart, I see quite a bit of accumulation. Today INTC closes at $28.17, the 10 year high is like $29.27ish! One could argue we have been in this accumulation phase for 5-10 years depending how you look at it. What is your opinion on it breaking through $30 and breaking out? Quite a bit of positive news lately, which makes me concerned, however intel is a solid company, and the chart certainly looks good and primed for a big volume breakout. And if it does, how long does it go on? Holding my call contracts, for now.
Submitted June 06, 2014 at 05:17PM by liggitystock http://ift.tt/1pNRgeL
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