Bullish Moving Average Cross by Intel (INTC)
Today, shares of Intel (NASDAQ:INTC) have crossed bullishly above their 10-day moving average of $34.70 on a volume of 4.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Intel have traded between a low of $21.89 and a high of $37.90 and are now at $34.89, which is 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Intel on June 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.90. Since that recommendation, shares of Intel have risen 8.4%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Intel