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Next Resistance Level for Intel (INTC) is $35.50

By David Diaz

Shares of Intel (NASDAQ:INTC) have bullishly opened above the pivot of $35.18 today and have reached the first resistance level of $35.36. Should the shares continue to rise, the resistance pivots of $35.50 and $35.82 will be of interest.

Intel (NASDAQ:INTC) has potential upside of 16.3% based on a current price of $35.47 and analysts' consensus price target of $41.25. The stock should discover initial support at its 50-day moving average (MA) of $31.40 and subsequent support at its 200-day MA of $31.29.

Intel share prices have moved between a 52-week high of $38.45 and a 52-week low of $21.89 and are now trading 62% above that low price at $35.47 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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