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Intel (INTC) Shares likely to react favorably to today's Q1 earnings -

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    • Intel (INTC) Shares likely to react favorably to today’s Q1 earnings
Apr, 19th 17:01


Despite the slowing PC market, INTC stock has a pretty solid track record when it comes to beating analysts ‘expectation. Investors anticipate increase in both earnings and revenue, as Intel’s strengths (revenue growth, largely solid financial position, sound stock price performance and expanding profit margins) outweigh weak operating cash flow. As a result, on chart D1 we saw the stock climbing to $31.63 levels on Monday. ADX is currently at 12.90 below both DI lines, signaling a weak downtrend. If today’s results turn out to be good, a strong bull may come along.

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