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Intel Corp: 52-Week High Recently Eclipsed (INTC)

By Nick Russo

Intel Corp (NASDAQ:INTC) traded at a new 52-week high today of $58.38. This new high was reached on below average trading volume as 8.9 million shares traded hands, while the average 30-day volume is approximately 18.5 million shares.

Intel Corporation designs, manufactures, and sells computer components and related products. The Company major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory, graphic, network and communication, systems management software, conferencing, and digital imaging products.

Intel Corp share prices have moved between a 52-week high of $58.38 and a 52-week low of $42.04 and are now trading 39% above that low price at $58.38 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

There is potential upside of 3.7% for shares of Intel Corp based on a current price of $58.38 and an average consensus analyst price target of $60.56. Intel Corp shares have support at the 50-day moving average (MA) of $53.22 and additional support at the 200-day MA of $49.14.

SmarTrend recommended that subscribers consider buying shares of Intel Corp on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.38. Since that recommendation, shares of Intel Corp have risen 19.7%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows intel corp

Ticker(s): INTC