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Nick Chiu
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Senior Options Trading Strategist at Optionity, MBA. Our trading approach starts with the fundamentals, then through short-term technical analysis, to finally leverage options trading (with the combination of long and short positions) to achieve favorable risk and reward ratio trading plays. Our... More
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Optionity - specialized in Options Trading
  • Optionity Quick Report 01/28/2013 0 comments
    Jan 28, 2013 5:45 PM | about stocks: INTC, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.05 (+0.09)

    20.99 - 21.09



    150.07 (+0.83)

    149.51 - 150.33


    iPath S&P 500 VIX Short Term Futures (NYSEARCA:VXX)

    23.57 (+0.62)

    22.90 - 23.85



    INTC opened higher and closed higher with 0.43% gain. The volume of 105.40M was 2.22x of the 30 day average of 47.45M. The MACD (12, 26, 9) continued show a bearish sign and the MACD Histogram decreased to -0.12 from -0.117. RSI (14) increased to 47.63 from 46.22 with a decreasing selling momentum. INTC is currently trading above its 50-day MA of $20.686 and is still below 200-day MA of $23.73.

    SPY opened lower and closed lower with 0.12% loss. The MACD (12, 26, 9) turned to show a bullish trend on January 2, 2013 and the MACD Histogram decreased slightly to 0.198 from 0.226. SPY is currently trading above its 200-day MA of $138.49 and its 50-day MA of $143.12. RSI (14) decreased to 73.79 from 75.40 with a decreasing buying momentum. SPY had broken through and closed above its resistance of $147.29, the R2 pivot point, on January 17, 2013.

    Disclosure: I am long INTC.

    Stocks: INTC, SPY, VXX
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