Will Intel Prove An Old Wall Street Saying True? What To Look For
Portfolio Pulse from Mark Putrino
The article discusses the potential for Intel's stock (NASDAQ: INTC) to experience a 'gap refill,' a phenomenon where stock prices return to previous levels after a gap down. This could lead to a rapid increase in Intel's stock price if buyers push through the gap levels.
September 03, 2024 | 6:03 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Intel's stock may experience a 'gap refill,' potentially leading to a rapid increase in price as buyers push through previous gap levels.
The article suggests that Intel's stock, which gapped down in early August, may experience a 'gap refill.' This occurs when there is no trading at the gap prices, leading to fewer sellers and potentially higher prices as buyers push through these levels. This could result in a rapid increase in Intel's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100