TMCnet News
Next Support Level for Intel (INTC) is $22.89Jul 19, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Intel (NASDAQ:INTC) opened today below their pivot of $23.34 and have already reached the first level of support at $23.07. Analysts will be watching for a cross of the next downside pivot targets of $22.89 and $22.44. Intel has overhead space with shares priced $22.86, or 5.3% below the average consensus analyst price target of $24.15. The stock should hit resistance at its 50-day moving average (MA) of $24.22, as well as support at its 200-day MA of $22.10. 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 19% above that low price at $22.86 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant. 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 |