Intel Corporation is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices.

The 2011 annual report releases last January, reported full-year revenue of $54 billion increased by 24% against a year previous. The company generated a net income of approximately $13 billion and earnings per share of $2.39, up 19%. For the fourth quarter, Intel posted revenue of $13.9 billion declined 2% from third quarter. Typically Q4 supports seasonal sequential increase but 2011 was limited by the hard disk drive shortages caused by floods in Thailand. According to Thomson Reuters’ consensus, the share seems correctly valued with a price earnings ratio at 11.5x for this fiscal year.

Technically, since early January the share is within a trading range between 26.54 and USD 27.24. The volatility is reduced as shown by Bollinger’s bands very tight. Last week the security is exit from this range, and for many trading sessions is testing the USD 27.75 long resistance. This level is really significant reached in 2007, since, a strong bearish trend is started. We could imagine reduced volatility also for the next trading sessions, and in the case of cross this resistance we could fix a target price of USD 30. A stop loss at USD 27 is necessary in order to cover the position.