- Technical Market Commentary -

April 14, 2010 (FinancialWire) (By Frank Kollar) — Shares of Intel Corp (NASDAQ: INTC) scored big after a very positive first-quarter profit was posted after hours on Tuesday, April 13. How much higher can they go?

Intel reported a profit of $2.4 billion, or 43 cents a share, compared with a profit of $629 million or 11 cents a share for the year-earlier period. Revenue was $10.3 billion, up from $7.1 billion in the same quarter the previous year. Analysts had expected Intel to report earnings of 38 cents a share on revenue of $9.8 billion.

The immediate targets for this advance are the 2008 bear market rally high at $24.75, an 8.7% gain if reached and then $25.29, a prior 2008 bear market rally high and an 11% gain.

Both of these prior rally highs are attainable in coming weeks after this bullish earnings report.

If they are surpassed, look to $28.00 a share, the 2007 highs and a 23% gain from current levels, as the next target.

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Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com/) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

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Disclosure: The http://www.fibtimer.com Stock Strategy has a position in holds a position in Intel Corp.

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