Intel is an incredible company. In fact, it's one of the largest in the technology space today. Now, the stock is growing in a big way as the result of its plans to take advantage of an emerging industry… drones. Today, we'll talk about recent information that was released with regard to the company, how the market reacted to the news, what we can expect to see moving forward and how binary options traders can take advantage of the trends. So, let's get right to it…
Intel Enters The Drone Business
One of the biggest emerging industries at the moment is the drone industry. It is estimated that nearly a million consumer drones are flying around the United States as we speak. Now, Intel plans on getting involved in the industry. On Monday, it was announced that Intel was working with telecom giant, AT&T in an attempt to test 4G LTE connectivity on drones. By taking advantage of the national cellular network, Intel will be able to enable new capabilities including video streaming and drone deliveries through short range signals. Not to mention, the other potential uses for the technology. In a statement, Anil Nanduri, VP of Intel's New Technology Group had the following to say…
“Intel believes [Unmanned Aerial Vehicles] UAVs have great potential, from inspections, precision agriculture to deliveries of consumer goods and providing emergency disaster relief…”
How The Market Reacted To The News
As binary options traders, we know that any time positive news is released with regard to a publicly traded company, we can expect to see gains. After all, the news moves the market, and it has definitely caused movement in Intel. On Monday, the stock climbed as a result of the news. While Tuesday was a horrible trading session for just about all stocks, including Intel, we're seeing further gains in the value of the stock today.
What We Can Expect To See Moving Forward
Moving forward, I have a relatively mixed opinion of what we can expect to see from Intel. In the short term, we're likely to see quite a bit of volatility from Intel. This is going to be caused by the market volatility as a result of poor global economic conditions, low oil prices, and poor US economic data. However, in the long run, I'm expecting to see incredible gains out of Intel. The recent news with regard to Intel's plans for drones is a testament to what has made this company grow in such a big way. The company is constantly focused on innovation, which leads to great products and ultimately growth in the value of the stock.
How Binary Options Traders Can Take Advantage Of The Trends
As binary options, it's our job to predict what is likely to happen with regard to the price of financial assets. With that said, there's a tremendous opportunity opening up with regard to Intel. Because of the heavy market volatility, we will be trading both call and put options. To do so, follow the support and resistance trends. When the value of Intel nears support, purchase call options in order to take advantage of the resulting upward trends. When the stock nears resistance, purchase put options in order to take advantage of the resulting downward movement. It's that simple!
What Do You Think?
Where do you think Intel is headed and why? Let us know your opinion in the comments below!
[Image Courtesy of Pixabay]