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Intel Corp (INTC) Approaches New Upside Target of $52.98

By Amy Schwartz

Intel Corp (NASDAQ:INTC) has opened bullishly above the pivot of $52.24 today and has reached the first level of resistance at $52.69. Investors may be interested in a cross of the next upside pivot targets of $52.98 and $53.72.

Intel Corp has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $52.57. The stock should find initial resistance at its 200-day moving average (MA) of $31.29 and further resistance at its 50-day MA of $31.40.

In the past 52 weeks, Intel Corp share prices have been bracketed by a current low of $0.00 and a high of $53.78 and are now at $0.00. 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 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 11.4%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts intel corp

Ticker(s): INTC