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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 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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