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Intel (INTC) Crosses Pivot Point Resistance at $37.59

By David Diaz

Shares of Intel (NASDAQ:INTC) opened today above their pivot of $37.42 and have already reached the first level of resistance at $37.59. Investors may be interested in a cross of the next upside pivot targets of $37.89 and $38.36.

Intel share prices have moved between a 52-week high of $38.36 and a 52-week low of $21.89 and are now trading 72% above that low price at $37.68 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Intel (NASDAQ:INTC) is currently priced 4.7% above its average consensus analyst price target of $35.89. Intel shares have support at the 50-day moving average (MA) of $31.40 and additional support at the 200-day MA of $31.29.

SmarTrend recommended that subscribers consider buying shares of Intel on June 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.90. Since that recommendation, shares of Intel have risen 16.9%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Intel

Ticker(s): INTC