• Return to Headlines

Look for Shares of Intel Corp to Potentially Rebound after Yesterday's 1.18% Sell Off

By David Diaz

Intel Corp (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $45.76 to a high of $46.91. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $46.25 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 10% above that low price at $46.17 per share. The 200-day and 50-day moving averages have moved 0.03% lower and 1.15% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Intel Corp on April 26th, 2019 by issuing a Downtrend alert when the shares were trading at $52.31. Since that call, shares of Intel Corp have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders intel corp

Ticker(s): INTC