Intel Bearish Moving Average Crossover Alert (INTC)
Today, shares of Intel (NASDAQ:INTC) have crossed bearishly below their 10-day moving average of $36.86 on a volume of 5.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Intel has traded in a range of $21.89 to $38.05 and is now at $36.70, 68% above that low. The 200-day and 50-day moving averages have moved 0.06% higher and 0.30% higher over the past week, respectively.
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 16.6%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Intel