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Watch for Intel Corp to Potentially Pullback After Gaining 1.54% Yesterday

By Nick Russo

Intel Corp (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $52.01 to a high of $53.78. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $52.30 on volume of 25.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Intel Corp have traded between a low of $30.44 and a high of $53.78 and are now at $52.25, which is 72% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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 $47.04. Since that recommendation, shares of Intel Corp have risen 9.5%. We continue to monitor INTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders intel corp

Ticker(s): INTC