(Finance) – Effervescent Intelwhich exchanges with a decidedly positive performance of 11.25%, in the wake of rumors that speak of an interest of Broadcom and taiwan semiiconductor manufacturing (TMSC) a divide its activities. According to the WSJ, Broadcom would be interested in detecting the design activities of Intel chips, while TSMC would be evaluating the hypothesis of acquiring a control participation in all chip factories.
This year the price of Intel shares increased by 18%. On Friday the actions concluded their best week in a quarter of a century, supported by the news of a possible partnership with TSMC
Comparing the trend of the title with the Dow Joneson a weekly basis, note that the main chip manufacturer It maintains a positive relative force in comparison with the index, demonstrating greater appreciation by investors than the index itself (weekly performance +32.8%, compared to -0.28% of theAmerican index).
The short -term technical picture of Intel It shows an acceleration when the curve with target identified at 26.87 USD. Risk of descent up to 25.06 which will not affect the good health of the current trend but which represents a temporary correction. The expectations are for an extension of the bullish trendline towards 28.68.