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Intel Crosses Below its 10-day MA (INTC)

By Amy Schwartz

Today, shares of Intel (NASDAQ:INTC) have crossed bearishly below their 10-day moving average of $34.85 on a volume of 20.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

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 $34.04, which is 56% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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 11.9%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Intel

Ticker(s): INTC