Joel Kruger suggests this interesting Equities in his section Equities of interest :
Intersil Corporation (NASD: ISIL)
This is purely a technical play. The stock has been in an absolute free-fall, trading down to multi-month lows. The daily RSI is now tracking well below 20, and barring a complete disaster, I would expect to see some form of a decent corrective bounce. On Thursday, there was actually some constructive signs, with the market ending a sequence of 11 consecutive daily lower highs, and putting in a bullish close. I would be looking for a move back towards the $8-$8.50 area over the coming days, with any additional setbacks seen well supported above $6 on a daily close basis. Oh ya…and let’s not forget about the near 7% dividend payment here. It certainly can’t hurt the bullish call
