August 17, 2010 (FinancialWire) (By Frank Kollar) — Shares of Intel Corp. (NASDAQ: INTC) are at a support level that has held all declines since late November 2009. Intel Corp is a semiconductor chip maker, which develops advanced integrated digital technology products, mainly integrated circuits, for industries such as computing and communications.

This support level is being tested now. If it holds we could see considerably higher highs. A break of this support though would signal declines that could reach $16.00 in coming weeks.

The support level is at $19.00 a share. This level has held during declines in November, 2009, December 2009, February 2010, July 2010 and finally August 13, 2010. If we hold here, look for a quick rise to $20.40 a share with potential highs near $21.00 a share, a 10% gain. A break of this support could take Intel to the next support level and that is at the July 2009 lows near $16.00 a share or a 17% loss.

The FirstAlert(tm) Economics Calendar lists Housing Starts & Building Permits for July (8:30 a.m.), Producer Price Index for July (8:30 a.m.0, Weekly Chain Store Sales (8:55 a.m.), Industrial Production & Capacity Utilization for July (9:15 a.m.)

The FirstAlert(tm) Events Calendar showcases BXS, WTFC, MBFI, PVTB at Howe Barnes Hoefer & Arnett, Inc. Bank Conference; HSNI at Lazard Capital Markets MAGIC Retail & Apparel Conference (day 1/3); PSSI, ASTE, CKP, ROG at CJS Securities "New Ideas" Summer Conference.

The FirstAlert(tm) Earnings Calendar highlights Cardica Inc CRDC Q4 2010 Earnings Release.

FirstAlert(tm) Website of the Day: http://www.military.com/military-fitness/

Quote of the Day: "Since you have chosen to elect a man with a timber toe to succeed me, you may all go to hell and I will go to Texas." Davy Crockett

Word of the Day: incunabulum \ in-kyoo-NAB-yuh-luhm \  , noun; 1.The earliest stages or first traces of anything. 2. Extant copies of books produced in the earliest stages (before 1501) of printing from movable type.

In context: "Somewhere in the incunabulum  of time the New Year lay awaiting birth. Outside, in the dark, and with none to call it friend, the old year was fading into death." — Edwin Markham, The real America in romance, Volume 12

Today is: National Thrift Shop Day.

Happy Birthday: (1786) Davy Crockett (d. March 6, 1836)

Today in History: Category 5 Hurricane Camille hit the Mississippi coast in 1969, killing 248 people and causing $1.5 billion in damage.

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