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Intel Corp Set to Possibly Rebound After Yesterday's Selloff of 2.34%

By Nick Russo

Intel Corp (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $48.30 to a high of $49.17. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $49.41 on volume of 15.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Intel Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intel Corp in search of a potential trend change.

Over the past year, Intel Corp has traded in a range of $30.44 to $57.60 and is now at $48.89, 61% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has risen 0.4%.

Keywords: rebounders intel corp

Ticker(s): INTC