TMCnet News
Possible Trend Reversal, Intel Down on Heavy Volume (INTC)Jan 18, 2013 (SmarTrend(R) News Watch via COMTEX) -- The price of Intel shares has slipped to $21.31 (a 6.0% change) on heavy trading volume. Today's volume of 55.7 million shares tops the average 30-day volume of 39.7 million shares. Unusually high volume can signify a potential turning point or validate a breakout. SmarTrend recommended that subscribers consider buying shares of Intel on December 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.09. Since that recommendation, shares of Intel have risen 7.6%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Over the past year, Intel has traded in a range of $19.16 to $29.27 and is now at $21.32, 11% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant. 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 |