TMCnet News
After Yesterday's Rally of 1.90% Shares Could Potentially PullbackDec 18, 2012 (SmarTrend(R) News Watch via COMTEX) -- Intel (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $20.57 to a high of $20.99. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $20.92 on volume of 41.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. 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 18.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 9% above that low price at $20.96 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.6%. 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 |