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Intel (INTC) Breaks Through Resistance at $35.37

By Amy Schwartz

Intel (NASDAQ:INTC) has opened bullishly above the pivot of $35.23 today and has reached the first level of resistance at $35.37. Analysts will be watching for a cross of the next upside pivot targets of $35.46 and $35.69.

Intel (NASDAQ:INTC) has potential upside of 16.8% based on a current price of $35.31 and analysts' consensus price target of $41.25. The stock should find initial support at its 50-day moving average (MA) of $31.40 and further support at its 200-day MA of $31.29.

In the past 52 weeks, shares of Intel have traded between a low of $21.89 and a high of $38.45 and are now at $35.31, which is 61% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 0.30% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Intel and will alert subscribers who have INTC in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts Intel

Ticker(s): INTC