Wednesday, October 19, 2011

Intel raises forecast...

Intel Corp. (INTC). The company forecast quarterly revenue above Wall Street's expectations, defying concerns that tablets and a shaky economy are eating into demand for personal computers. Intel said revenue in the current quarter would be $14.7 billion, plus or minus $500 million. Intel said non-GAAP revenue in the third quarter was $14.3 billion.

Here is Intel's long term chart.  Note it is at a key resistance level...a break above 24 would be significant:

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