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Intel Corp (INTC) Breaks Through Resistance at $61.42

May 20, 2020 (SmarTrend(R) News Watch via COMTEX) --
Shares of Intel Corp (NASDAQ:INTC) opened today above their pivot of $60.64 and have already reached the first level of resistance at $61.42. Analysts will be watching for a cross of the next upside pivot targets of $62.56 and $64.48.

There is potential upside of 0.0% for shares of Intel Corp based on a current price of $0.00 and an average consensus analyst price target of $60.56. Intel Corp shares should first meet resistance at the 200-day moving average (MA) of $56.03 and find additional resistance at the 50-day MA of $56.21.

In the past 52 weeks, shares of Intel Corp have traded between the current low of $0.00 and a high of $69.29 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.33% higher and 0.75% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Intel Corp and will alert subscribers who have INTC in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at cs@mysmartrend.com

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