NAS:INTL disappointed the market on Friday when it’s earnings fell short of consensus and delays in new chip technology were announced.
When we review the Algo Engine signals we can see Advanced Micro Devices is under buy conditions and has rallied from $48 to $69, whereas, Intel was under sell signals, (since making a lower high at $65) and has now collapsed to $49.
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We’re inclined to take profit on the AMD trade and look to soon take advantage of Intel falling into oversold levels.
