by Sam Collins 06/05/08
Intel Corp. (INTC) -- This large-cap growth stock and manufacturer of semiconductor chips entered a bear market in September 2000 when it was trading above $75 per share and bottomed out at under $17 early in 2006.
From July 2006 to December 2007, INTC recovered to more than $28 per share before succumbing to selling that, in only four weeks, drove it to just under $18.
This traditional technology growth stock has formed a long-term base, and following a recent round of profit-taking, yesterday it flashed both a stochastic buy signal along with a buy signal from our own proprietary Collins Bollinger Reversal (CBR) indicator. The near-term target is $27.50.
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