TMCnet News
Downgrade Alert for Intel (INTC)Apr 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Intel (NASDAQ:INTC) was downgraded from Outperform to Market Perform at JMP Securities today. The stock closed yesterday at $21.83 on volume of 33.3 million shares, below average daily volume of 39.2 million. Intel Corporation designs, manufactures, and sells computer components and related products. The Company's major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products. Over the past year, Intel has traded in a range of $19.16 to $29.27 and closed yesterday at $21.83, 14% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant. Potential upside of 7.3% exists for Intel, based on a current level of $21.83 and analysts' average consensus price target of $23.42. The stock should find resistance at its 200-day moving average (MA) of $22.79, as well as support at its 50-day MA of $21.24. 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 [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 |