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SmarTrend Watching for Potential Rebound in Shares of Intel Corp After 2.03% Loss

By Shiri Gupta

Intel Corp (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $56.28 to a high of $56.86. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $57.47 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Intel Corp and will alert subscribers who have INTC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Intel Corp share prices have been bracketed by a low of $42.86 and a high of $59.59 and are now at $56.49, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders intel corp

Ticker(s): INTC