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Next Resistance Level for Intel Corp (INTC) is $50.20

Sep 15, 2020 (SmarTrend(R) News Watch via COMTEX) --
Shares of Intel Corp (NASDAQ:INTC) opened today above their pivot of $49.33 and have already reached the first level of resistance at $49.80. Should the shares continue to rise, the resistance pivots of $50.20 and $51.07 will be of interest.

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. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.2%.

Intel Corp (NASDAQ:INTC) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $60.56. Intel Corp shares should first meet resistance at the 50-day moving average (MA) of $51.94 and find additional resistance at the 200-day MA of $57.41.

SmarTrend recommended that its subscribers protect gains by selling shares of Intel Corp on June 25th, 2020 by issuing a Downtrend alert when the shares were trading at $58.29. Since that call, shares of Intel Corp have fallen 14.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to SmarTrend at cs@mysmartrend.com

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