Public trading strategy

Intel just scored Google's chip business — ride the turnaround momentum on INTC

Thesis

Intel just secured a massive contract to manufacture millions of AI chips for Google. A day earlier, Bank of America gave the stock a rare double upgrade, signaling confidence in Intel's turnaround. The chip sector is red-hot right now, and Intel is finally proving it can win major AI business against rivals. If Wall Street analyst targets are accurate, the stock has significant upside from current levels.

Strategy approach

Build a long-only momentum strategy on INTC using the daily timeframe. Entry: when price closes above the upper Bollinger Band (20, 2) OR RSI(14) exceeds 70 on above-average volume (volume > 20-day SMA). Exit: when price closes below the 20-day SMA or RSI(14) drops below 40. Max hold: 20 trading days. Stop loss: 6%.

Markets and timeframes

GOOGLINTC1D

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