Intel Higher Ahead Of Q4 Report

Intel Corporation (NASDAQ: INTC) shares are trading higher by $0.50 at $31.41 in Thursday's session. The company will announce Q4 earnings after the close. The Street is estimating EPS of $0.63 with revenues of $14.8 billion.

The issue has come down hard from its year-end close of $34.45, but has found a major support over the the past six sessions.

In all but one of these sessions, it has bottomed in a narrow area, ranging from $31.43 to $31.84.