Intel lands huge Apple chip deal — ride the momentum on the turnaround
Thesis
A government-backed deal with Apple to produce chips domestically is a transformative win for Intel's turnaround story. Investors are already rotating capital out of the largest tech giants and into semiconductor and hardware bottlenecks, and this deal puts Intel squarely at the center of that trend. When a stock surges on fundamental news like a major contract, it often attracts follow-on buying from funds that need to hold the stock for longer periods. We want to ride that upward momentum as the market adjusts to Intel's improved business outlook.
Strategy approach
Build a momentum strategy that enters long INTC on the 1-hour timeframe when the 50-period EMA is above the 200-period EMA and the price pulls back to touch the 20-period EMA. Exit on a 5% trailing stop or if the daily close breaks below the 20-day SMA.