Intel's (INTC) blockbuster year is becoming even more notable.
Quick insight: Intel stock is trading above its 200-day moving average by the largest margin in history, surpassing the peak of the dot-com bubble, according to Yahoo Finance AlphaSpace data. The stock is up a sizzling 200% this year.
The 200-day moving average is widely considered the single most important technical indicator on Wall Street. It's calculated by averaging a stock's closing price over the past 200 trading days.
It ultimately represents the long-term trend line that institutional investors, hedge funds, and professional traders use as their north star when deciding whether a stock or index is fundamentally healthy or fundamentally broken. When a stock is trading above its average, it's generally considered to be in a long-term uptrend, which attracts institutional money.
The why: Intel stock has become one of the hottest trades on Wall Street as the chipmaker orchestrates a dramatic comeback.
Quick insight: Intel stock is trading above its 200-day moving average by the largest margin in history, surpassing the peak of the dot-com bubble, according to Yahoo Finance AlphaSpace data. The stock is up a sizzling 200% this year.
The 200-day moving average is widely considered the single most important technical indicator on Wall Street. It's calculated by averaging a stock's closing price over the past 200 trading days.
It ultimately represents the long-term trend line that institutional investors, hedge funds, and professional traders use as their north star when deciding whether a stock or index is fundamentally healthy or fundamentally broken. When a stock is trading above its average, it's generally considered to be in a long-term uptrend, which attracts institutional money.
The why: Intel stock has become one of the hottest trades on Wall Street as the chipmaker orchestrates a dramatic comeback.
1 month ago
