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Watch for Shares of Intel (INTC) to Approach Resistance at $23.14
[July 24, 2013]

Watch for Shares of Intel (INTC) to Approach Resistance at $23.14


Jul 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Intel (NASDAQ:INTC) have bullishly opened above the pivot of $22.79 today and have reached the first resistance level of $22.95. Should the shares continue to rise, the resistance pivots of $23.14 and $23.49 will be of interest.

Potential upside of 5.3% exists for Intel, based on a current level of $22.92 and analysts' average consensus price target of $24.15. The stock should find resistance at its 50-day moving average (MA) of $24.13, as well as support at its 200-day MA of $22.10.

In the past 52 weeks, shares of Intel have traded between a low of $19.16 and a high of $29.27 and are now at $22.92, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.01% higher and 0.38% lower over the past week, respectively.


SmarTrend recommended that its subscribers protect gains by selling shares of Intel on June 25th, 2013 by issuing a Downtrend alert when the shares were trading at $23.76. Since that call, shares of Intel have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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