Intel Corporation (NASDAQ:INTC) HEFFX Highlights

Intel Corporation (NASDAQ:INTC) HEFFX Highlights

Intel Corporation (NASDAQ:INTC) HEFFX Highlights

  • Intel Corp. has closed its Recon brand of augmented-reality goggles for sporting and industrial applications, according to people familiar with the decision.
  • The chipmaker shut the 100-employee unit that made the goggles earlier this summer, the people said. Intel acquired Recon in 2015 for an undisclosed sum, and had already cut one third of the unit’s workforce before the subsequent closing, said one of the people, who asked not to be identified because the decision hasn’t been made public.
  • The company intends to fulfill the existing contracts for the goggles, one of the people said.
  • The Santa Clara, California-based company will continue to work on technologies to power augmented and virtual reality, a spokeswoman said, while declining to comment on the Recon division.

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. The CCG operating segment includes platforms that integrates in notebook, two in one systems, desktop computers for consumers and businesses, tablets, and phones.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 24.58.

The projected upper bound is: 27.16.

The projected lower bound is: 25.34.

The projected closing price is: 26.25.

BANK OF AMERICA closed up 0.080 at 26.210. Volume was 23% below average (neutral) and Bollinger Bands were 37% wider than normal.

Open         High          Low            Close         Volume
26.250      26.300      26.040      26.210      53,900,624

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period          50-period         200-period
Close:                       25.53                 24.40                 23.78
Volatility:                19                       24                       26
Volume:                   61,936,448      64,579,804       81,318,792

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

BANK OF AMERICA is currently 10.2% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into BAC (mildly bullish). Our trend forecasting oscillators are currently bullish on BAC and have had this outlook for the last 14 periods. Our momentum oscillator is currently indicating that BAC is currently in an overbought condition.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 82.5910. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 9 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 71.30. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 121 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 143.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 10 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 17 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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