Intel Corporation continues its bullish trend in order to test new highest level.

The fundamental situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging as well as the net income. Debt is decreasing rapidly and the leverage is reducing at -0.33.

Technically, the security shows a bullish configuration on all time scales. Prices have recently crossed their USD 35.95 pivot point, supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend. The bullish trend will not be stopped until prices are above the USD 34.54 short term support. This trend should allow the stock to reach its USD 41 long term resistance, which will be the first target price.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 41 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 36 pivot point to avoid a downtrend.