Intel: Anticipated Earnings (NASDAQ:INTC)

Investors in Intel Corporation (NASDAQ:INTC) are getting set for set for the big day…  Earnings that is.  The company will report earnings after the market close on January 14, 2009 and the bar has been set pretty high for the company.  A positive earnings call could propel the stock to further gains for its investors.

Earnings
Analysts are expecting big things from Intel as the estimates for Q4 are set $0.35 which up enormously from Q4 2008 where analysts only expected $0.04 and the company met the estimate.  Intel surprised in Q3 2009 when they posted $0.33 EPS on $9.4B in revenue, versus the estimate of $0.27 EPS.  Let's ask them to do it again and reward their investors.

Stock Movement Analysis
Shares of Intel closed down just a penny today to $20.87.  Shares have traded loosely between about $18.50 and $21 ever since the gap up in price occurred back on July 15 of 2009.  Currently the stock is looking to break the $21 resistance set on October 14, 2009.  If the stock can break that resistance, the sky may be the limit for shares of Intel.  However, if shares pull back to the $20 level or lower during the next week, it may present a good buying opportunity to play the upcoming earnings report.  The strong advantage investors would have in purchasing shares of Intel is that $18 present some strong support for the stock and therefore it is much less likely the stock will break below $18 a share in the near future.

Disclosure: No positions.