TMCnet News
Watch for Intel to Potentially Pullback After Gaining 2.20% YesterdayDec 04, 2012 (SmarTrend(R) News Watch via COMTEX) -- Intel (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $19.61 to a high of $20.05. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $20.03 on volume of 57.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. Intel share prices have moved between a 52-week high of $29.27 and a 52-week low of $19.16 and are now trading 4% above that low price at $19.98 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1%. 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 22.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |