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Intel Falls 2.79% on Heavy Volume: Watch For Potential Rebound
[November 29, 2012]

Intel Falls 2.79% on Heavy Volume: Watch For Potential Rebound


Nov 29, 2012 (SmarTrend(R) News Watch via COMTEX) -- Intel (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $19.46 to a high of $20.04. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $19.62 on volume of 64.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that its subscribers protect gains by selling shares of Intel on August 23rd, 2012 by issuing a Downtrend alert when the shares were trading at $25.26. Since that call, shares of Intel have fallen 20.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Intel have traded between a low of $19.16 and a high of $29.27 and are now at $19.54, which is 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.2%.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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