Intel scores massive Apple chip deal — ride the breakout momentum on Intel
Thesis
Landing a chip-manufacturing partnership with Apple is exactly the kind of high-profile contract Intel needs to prove its turnaround strategy is working. The news caught a lot of investors off guard, and the sudden 9% jump shows buyers are eager to get behind the company. When a stock gets this kind of fundamental boost out of nowhere, it often keeps attracting buyers for days as the news spreads and larger funds adjust their positions. You want to ride that early wave of optimism rather than waiting for the dust to settle.
Strategy approach
Build a momentum strategy that enters long INTC on the 1-hour timeframe when the price closes above the intraday VWAP and the 14-period RSI is above 60 but below 75. Exit the position on a 5% trailing stop or if the price closes below the 20-period EMA. Set a max hold period of 10 trading days.