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Berger: Why I'm looking to buy Intel

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Serge Berger is looking to buy shares in the microchip company Intel. The Steady Trader acknowledges that this is a big macroeconomic week with Chair of the Federal Reserve, Janet Yellen speaking on Wednesday, the European Central Bank meeting on Thursday plus November's US nonfarm payroll figures out on Friday. As the week is all about risk management, he thinks there is room for asset classes to make some big moves.

Berger is looking to buy a stock that he can hold through year-end and into 2016. Intel and the semiconductor group as a whole have held up well, he notes, and are technically sound to move higher. Intel itself found support above its 50-day moving average and has technical resistance laterally with an upside target.

Serge believes that the stock market will fall this week or next so he will buy half the shares now and the other half when it's down.

Buy: USD 34 - 34.50
Target: USD 37.50
Stop: USD 32.50

https://www.tradingfloor.com/about/niird