Charts courtesy of http://stockcharts.com/freecharts/
Intel it could be building a nice bottom for going Long in the long term. Today drawn the last candle to form a nice Three white soldiers candle figure, this is a bullish one.
We can see a double bottom on RSI oscillator & Macd, with a nice O.B.Volume in accumulation mode. Technical speaking a good entry point. Reward-risk equation is favorable to Longs this time, dividend Ex-date is near...
and it seems that glut on semis is vanish with last Japan´s Quake, ´cause disruption on silicon wafers in Japan industry, that could lead to high price in processors market.
Have a nice day.