Public trading strategy
Intel bags huge Apple chip deal — ride the turnaround momentum on INTC
Thesis
Landing a deal with the world's most valuable company is a game-changer for Intel's turnaround story. Instead of losing business to overseas chipmakers, Intel is securing its position as a domestic manufacturing partner. When a stock gets this kind of massive positive news, it often attracts a wave of buyers who want to ride the momentum. This trade bets that Intel's stock will keep climbing over the next few weeks as the excitement builds and analysts upgrade their outlooks.
Strategy approach
Build a momentum strategy on INTEL on the 1D timeframe. Enter long when the stock breaks above its 20-day high. Exit if the stock drops 5% from the highest close since entry, or after a 21-day holding period.