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Intel Corp (INTC) Breaks Through Support at $58.31

Apr 27, 2021 (SmarTrend(R) News Watch via COMTEX) --
Shares of Intel Corp (NASDAQ:INTC) opened today below their pivot of $58.91 and have already reached the first level of support at $58.31. Investors may be interested in a cross of the next downside pivot targets of $57.85 and $56.79.

Over the past year, Intel Corphas traded in a range of $0.00 to $68.49 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.01% lower and 0.17% lower over the past week, respectively.

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. The stock should run into initial resistance at its 200-day moving average (MA) of $54.14 and subsequent resistance at its 50-day MA of $63.06.

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.

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