[May 24, 2013] Intel (INTC) Crosses Pivot Point Support at $23.89 Tweet May 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Intel (NASDAQ:INTC) have bearishly opened below the pivot of $24.00 today and have reached the first support level of $23.89. Should the shares continue to fall, the support pivots of $23.72 and $23.44 will be of interest. Intel (NASDAQ:INTC) is currently priced 0.3% above its average consensus analyst price target of $23.85. Intel shares have support at the 50-day moving average (MA) of $22.68 and additional support at the 200-day MA of $22.19. In the past 52 weeks, Intel share prices have been bracketed by a low of $19.16 and a high of $29.27 and are now at $23.93, 25% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.9%. SmarTrend recommended that subscribers consider buying shares of Intel on April 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.07. Since that recommendation, shares of Intel have risen 9.0%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 [ Back To TMCnet.com's Homepage ]