Intel Corp (INTC) – Semis Take off – April 15th, 2020

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.

Fundamental View

  • Intel benefits from a workforce shifting to work from home transition
  • Earnings on April 23rd (in 9 days)

Technical View

  • 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)

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Special Earnings Season Event – Thurs 4/16 @ 4:15 PM EST