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Intel Corp Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Intel Corp (NASDAQ:INTC) traded at a new 52-week high today of $52.90. So far today approximately 11.2 million shares have been exchanged, as compared to an average 30-day volume of 22.6 million shares.

Based on a current price of $52.90, Intel Corp is currently 0.6% above its average consensus analyst price target of $52.57. The stock should find initial support at its 50-day moving average (MA) of $31.40 and further support at its 200-day MA of $31.29.

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.

In the past 52 weeks, Intel Corp share prices have been bracketed by a low of $30.44 and a high of $52.90 and are now at $52.90, 74% 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 Corp on February 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.04. Since that recommendation, shares of Intel Corp have risen 9.5%. 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