Intel Gets a Squeeze and a Breakout
Intel (INTC) is leading the semiconductor group higher with a move above its upper Bollinger Band. Notice how the bands contracted as volatility narrowed over the last few weeks. The breakout signals what could be the start of a volatility expansion and continuation higher. Chartists can use the recent lows to mark a support zone in the 25.75-26 area. The indicator window shows the MACD Histogram on the verge of turning positive.

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