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SmarTrend Watching for Potential Pullback in Shares of Intel Corp After 2.32% Gain

Sep 15, 2020 (SmarTrend(R) News Watch via COMTEX) --
Intel Corp (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $49.73 to a high of $50.59. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $50.09 on volume of 13.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 13.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Intel Corp share prices have been bracketed by a current low of $0.00 and a high of $69.29 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

Write to SmarTrend at cs@mysmartrend.com

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