S&P 500 Market Outlook: Mildly Bullish
Neutral Trade: INTC $60.66
The neutral DailyPlay for Wednesday, April 15th is Intel Corp (INTC). INTC has been steadily increasing as more employees are working from home and needing equipment.
- Intel benefits from a workforce shifting to work from home transition
- Earnings on April 23rd (in 9 days)
- INTC’s 1M and 6M trend turned bullish on Tuesday
- Support level around $53 coming into earnings and INTC crossed above its 50-day moving average today
- Strong relative strength score (10 out of 10)