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Intel (INTC) Downgrade Alert, Watch for 1.9% Technical Downtrend Continuation - 11/3/2009 8:46:18 AM

By Chip Brian, SmarTrend Analytics Team
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Intel (NASDAQ:INTC) downgraded to Equal Weight from Overweight at Morgan Stanley. The stock closed yesterday at $18.89 on volume of 63,618,800 shares, above average daily volume of 0.

Intel is currently below its 50-day moving average of $19.71 and should find support at its 200-day moving average of $16.70.

SmarTrend is bearish on shares of INTC and our subscribers received a Downtrend alert on October 29, 2009 at $19.25, which has returned 1.9% to date.

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