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Intel Corp (INTC) Crosses Pivot Point Resistance at $52.15

By David Diaz

Shares of Intel Corp (NASDAQ:INTC) opened today above their pivot of $51.32 and have already reached the first level of resistance at $52.15. Analysts will be watching for a cross of the next upside pivot targets of $52.77 and $54.22.

Potential upside of 0.0% exists for Intel Corp, based on a current level of $0.00 and analysts' average consensus price target of $52.57. The stock should run into initial resistance at its 200-day moving average (MA) of $31.29 and subsequent resistance at its 50-day MA of $31.40.

Over the past year, Intel Corphas traded in a range of $0.00 to $52.30 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 9.5%. 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