INTC favors a narrowing pattern following after-hours earnings events, cutting back its evening trade in next-day action in 14 of its last 21 earnings events. In the near-term, the stock has narrowed its move in the last four quarters.
Looking deeper into the performance data, INTC is a stock for longs to be wary of in the off-hours, and perhaps an issue for shorts to line up if it should post an earnings-driven after-hours upside or downside move. INTC has advanced in the after-hours in 11 of the last 21 quarters we've tracked. However, it saw that advance reverse or narrow in next day trade in nine of those quarters.
Also, the stock has recorded 10 quarters in which it posted an earnings-driven after-hours decline. In five of those events it recorded a more aggressive downside move the following regular session - more ammunition for shorts to linger near the stock on a negative evening move.
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