Intel Surges to Resistance on High Volume

Intel gave a lift to the MarketVectors Semiconductor ETF (SMH) and Semiconductor SPDR (XSD) with a 3.13% advance on the highest volume since late February. Notice how the stock formed a higher low with the late February surge and then consolidated the last five weeks.  A consolidation breakout would signal a continuation higher.

130408intc


Click this image for a live chart.

 Previous Article Next Article