Why I Am Considering A Short On Intel Corporation

[Bryan Leighton]

Shares of Intel Corporation (NASDAQ:INTC) have rocketed higher in recent months after earnings showed signs of life. However, the run may have just topped out. Note this trend line stretching back to 2012. I am starting to look more closely at a swing short trade on shares of Intel Corporation. The pull back target in 2018 would be $38.00. Part of me thinks it could pop to $50 into year end, but anywhere between $47.50 and $50.00 is a solid accumulation short zone.

Gareth Soloway

InTheMoneyStocks