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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 --------------------------------------------------------------------------------------------- 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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