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Intel (INTC) Breaks Through Resistance at $19.75
[December 03, 2012]

Intel (INTC) Breaks Through Resistance at $19.75

Dec 03, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Intel (NASDAQ:INTC) have bullishly opened above the pivot of $19.59 today and have reached the first resistance level of $19.75. Investors may be interested in a cross of the next upside pivot targets of $19.94 and $20.29.

In the past 52 weeks, Intel share prices have been bracketed by a low of $19.16 and a high of $29.27 and are now at $19.71, 3% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 1.03% lower over the past week, respectively.

Intel has overhead space with shares priced $19.71, or 16.4% below the average consensus analyst price target of $23.58. The stock should run into initial resistance at its 50-day moving average (MA) of $22.91 and subsequent resistance at its 200-day MA of $25.83.

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 22.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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