$INTT is in an out performing industry group within an outperforming sector.
Of late, we have seen rotation among the sectors as growth finds favor with investors. One of these is the technology sector. Within that sector, we have seen strength from semi-conductors. The GoNoGo Chart of $INTT is a set up we like. A “Go” trend has been in place since November and we are watching price consolidate in what could be called an ascending triangle. As price tries to fight above resistance, we see GoNoGo Oscillator find support at the zero line, reminding us that momentum is still on the side of the “Go” trend. We will watch to see if price can break above the upper bound of the pattern and set a new high.
