Just like all other stocks tech-related, Intel (INTC) has been banging higher for years now. As shown by Slope’s quarterly earnings report calendar, this afternoon’s featured release is form the same firm:
Using the gaps feature in SlopeCharts, you can see how incredibly “gappy” this stock has been. Tonight’s report may create yet another one, if history is any guide.
The semiconductor index in general is mashed right up against its resistance trendline. Long-term trends would suggest that Intel is prone to some weakness after today’s report.