Intel Earnings : What to look for

The last time Intel reported earnings the stock price moved up +8.1%

Charts (2)

Good morning, 

Intel Earnings : What to look for 

On Thursday, after market, Intel (INTC), is anticipated to report first quarter EPS of $1.28 compared to $0.89 a year ago on sales of appx. $18.8B vs $16.1B last year. Based on options volatility the expected move of Intel after they report earnings is 6.8%. The last time Intel reported earnings the stock price moved up +8.1%.

Looking at the chart from a technical analysis perspective, Intel's stock price remains supported by a rising trend line in place since the March low. The 20-day moving average has just crossed above the 50-day MA confirming a bullish crossover. If Intel can hold above overlap support at $56 we will look to close the gap above at $64. 

Source: GAIN Capital, TradingView

Happy Trading.

Build your confidence risk free

More from Equities

Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.