Public trading strategy
Intel lands massive Apple chip deal — momentum play on the big surge
Thesis
Landing a manufacturing deal with Apple is a massive win for Intel's factory business and validates their turnaround strategy. When a stock gaps up on huge partnership news like this, it often attracts a wave of buyers who want to ride the excitement. We want to capture that upward momentum as the market digests just how big this contract could be for Intel's bottom line.
Strategy approach
Build a momentum strategy for INTC on the 1-hour timeframe. Enter a long position when the 9-period EMA crosses above the 21-period EMA and the current hour's volume is greater than 150% of the 10-period average volume. Exit the trade if the price closes below the 21-period EMA, or set a tight 5% trailing stop to lock in gains if the momentum reverses.
Markets and timeframes
INTC1H