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Next Resistance Level for Intel Corp (INTC) is $55.50

By Amy Schwartz

Shares of Intel Corp (NASDAQ:INTC) have bullishly opened above the pivot of $54.69 today and have reached the first resistance level of $55.16. Investors may be interested in a cross of the next upside pivot targets of $55.50 and $56.31.

Potential upside of 9.6% exists for Intel Corp, based on a current level of $55.25 and analysts' average consensus price target of $60.56. Intel Corp shares have support at the 50-day moving average (MA) of $53.43 and additional support at the 200-day MA of $46.37.

In the past 52 weeks, Intel Corp share prices have been bracketed by a low of $30.44 and a high of $57.60 and are now at $55.25, 82% above that low price. The 200-day and 50-day moving averages have moved 0.66% higher and 0.52% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Intel Corp on February 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.05. Since that recommendation, shares of Intel Corp have risen 16.5%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts intel corp

Ticker(s): INTC