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Next Resistance Level for Intel (INTC) is $21.43
[February 01, 2013]

Next Resistance Level for Intel (INTC) is $21.43

Feb 01, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Intel (NASDAQ:INTC) opened today above their pivot of $21.13 and have already reached the first level of resistance at $21.23. Analysts will be watching for a cross of the next upside pivot targets of $21.43 and $21.73.

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 11% above that low price at $21.32 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.4%.

Intel (NASDAQ:INTC) has potential upside of 8.0% based on a current price of $21.32 and analysts' consensus price target of $23.03. The stock should hit resistance at its 200-day moving average (MA) of $23.92, as well as support at its 50-day MA of $20.75.

SmarTrend is tracking the current trend status for Intel and will alert subscribers who have INTC in their portfolio or watchlist when shares have changed trend direction.

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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