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Intel Corp Set to Possibly Pullback After Yesterday's Rally of 2.19%

By Nick Russo

Intel Corp (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $50.40 to a high of $51.78. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $51.23 on volume of 5.0 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 is tracking the current trend status for Intel Corp and will alert subscribers who have INTC in their portfolio or watchlist when shares have changed trend direction.

Intel Corp share prices have moved between a 52-week high of $59.59 and a 52-week low of $42.04 and are now trading 23% above that low price at $51.58 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Keywords: rebounders intel corp

Ticker(s): INTC