Microsoft (MSFT) and Intel (INTC) Ramp Mid-Day on Tuesday
Tweet
Share
E-mailGet Alerts MSFT Hot Sheet
Join SI Premium – FREE
Shares of Microsoft (Nasdaq: MSFT) ramped on Tuesday, reaching the highest level since November of last year. Gains came as the stock broke through its 200-day moving average, causing some technical traders to take notice.
Traders also noted a high level of correlation with shares of Intel (Nasdaq: INTC), as the chip maker followed Microsoft higher. Both companies are set to report earnings later this month, Microsoft on April 18th and Intel on April 16th.
This morning analyst at MKM put out a bullish note on Intel, claiming the market has already discounted a soft PC market and a low bar for sales.
Microsoft is higher by 3.8 percent. Intel is up close to 3 percent.
Traders also noted a high level of correlation with shares of Intel (Nasdaq: INTC), as the chip maker followed Microsoft higher. Both companies are set to report earnings later this month, Microsoft on April 18th and Intel on April 16th.
This morning analyst at MKM put out a bullish note on Intel, claiming the market has already discounted a soft PC market and a low bar for sales.
Microsoft is higher by 3.8 percent. Intel is up close to 3 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ingram Micro Holding Corporation (INGM) Tops Q2 EPS by 4c
- MSA Safety Inc (MSA) Tops Q2 EPS by 26c
- Minerals Technologies (MTX) Misses Q2 EPS by 3c
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
