Two Sentence Traders

INTC's upsized raise reads as good news, calls target 120

By rummy ·

The INTC offering got upsized, and the read is that's bullish, not dilutive panic. The CEO's own line was they'd only raise if they had a major customer lined up, and there was a big call buyer into yesterday's close chasing that story. $120 looks like a viable near-term target if that plays out.

chart


Aggregated and distilled by Two Sentence Traders. Not financial advice.