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After Yesterday's Rally of 1.54% Shares Could Potentially Pullback

By Nick Russo

Intel Corp (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $52.01 to a high of $53.78. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $52.30 on volume of 25.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Intel Corp has traded in a range of $30.44 to $53.78 and is now at $52.25, 72% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: rebounders intel corp

Ticker(s): INTC