TMCNet:  Watch for Shares of Intel (INTC) to Approach Support at $20.94

[January 24, 2013]

Watch for Shares of Intel (INTC) to Approach Support at $20.94

Jan 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Intel (NASDAQ:INTC) opened today below their pivot of $21.12 and have already reached the first level of support at $21.03. Should the shares continue to fall, the support pivots of $20.94 and $20.76 will be of interest.


In the past 52 weeks, shares of Intel have traded between a low of $19.16 and a high of $29.27 and are now at $21.07, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

There is potential upside of 8.2% for shares of Intel based on a current price of $21.07 and an average consensus analyst price target of $22.79. Intel shares should encounter resistance at the 200-day moving average (MA) of $24.12 and support at the 50-day MA of $20.65.

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

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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