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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 01/30/2013 0 comments
    Jan 30, 2013 6:50 PM | about stocks: INTC, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.37 (+0.09)

    21.22 - 21.46



    150.08 (+0.59)

    149.93 - 150.93


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

    24.27 (+1.41)

    23.11 - 24.33



    INTC opened slightly lower and closed with 0.42% gain. The volume of 34.14M was 33.70% less than the 30 day average of 51.49M. The MACD (12, 26, 9) continued show a bearish sign but the MACD Histogram decreased to -0.084 from -0.104. RSI (14) increased to 52.53 from 51.18 with an increasing buying momentum. INTC is currently trading above its 50-day MA of $20.73 and is still below 200-day MA of $23.67.

    SPY opened slightly lower and closed lower with 0.38% loss. The MACD (12, 26, 9) turned to show a bullish trend on January 2, 2013 and the MACD Histogram decreased slightly to 0.125 from 0.192. SPY is currently trading above its 200-day MA of $138.64 and its 50-day MA of $143.74. RSI (14) decreased to 70.32 from 75.63 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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