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Intel Corp (INTC) Crosses Pivot Point Resistance at $54.21

Oct 14, 2020 (SmarTrend(R) News Watch via COMTEX) --
Shares of Intel Corp (NASDAQ:INTC) have bullishly opened above the pivot of $53.91 today and have reached the first resistance level of $54.21. Investors may be interested in a cross of the next upside pivot targets of $54.58 and $55.25.

Over the past year, Intel Corphas traded in a range of $0.00 to $69.29 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Potential upside of 0.0% exists for Intel Corp, based on a current level of $0.00 and analysts' average consensus price target of $60.56. Intel Corp shares should first meet resistance at the 50-day moving average (MA) of $50.14 and find additional resistance at the 200-day MA of $56.77.

SmarTrend is monitoring the recent change of momentum in Intel Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intel Corp in search of a potential trend change.

Write to SmarTrend at cs@mysmartrend.com

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