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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 01/31/2013 0 comments
    Jan 31, 2013 6:49 PM | about stocks: INTC, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.04 (-0.33)

    21.02 - 21.32



    149.70 (-0.38)

    149.60 - 150.37


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

    24.40 (+0.13)

    23.82 - 24.60



    INTC opened lower and closed lower with 1.54% loss. The volume of 34.14M was 29% less than the 30 day average of 51.49M. The MACD (12, 26, 9) continued show a bearish sign and the MACD Histogram increased to -0.089 from -0.084. RSI (14) decreased to 47.35 from 52.53 with an increasing selling momentum. INTC is currently trading above its 50-day MA of $20.75 and is still below 200-day MA of $23.64.

    SPY opened lower and closed lower with 0.25% loss. The MACD (12, 26, 9) turned to show a bullish trend on January 2, 2013 and the MACD Histogram decreased to 0.036 from 0.125. SPY is currently trading above its 200-day MA of $138.71 and its 50-day MA of $144.03. RSI (14) decreased to 67.14 from 70.32 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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