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Look for Shares of Intel Corp to Potentially Rebound after Yesterday's 2.34% Sell Off

By James Quinn

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. The 200-day and 50-day moving averages have moved 0.38% higher and 0.84% lower over the past week, respectively.

Keywords: rebounders intel corp

Ticker(s): INTC