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TMCNet:  Intel Set to Possibly Rebound After Yesterday's Selloff of 2.71%

[October 09, 2012]

Intel Set to Possibly Rebound After Yesterday's Selloff of 2.71%

Oct 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Intel (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $21.85 to a high of $22.19. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $22.27 on volume of 65.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that its subscribers protect gains by selling shares of Intel on August 23rd, 2012 by issuing a Downtrend alert when the shares were trading at $25.26. Since that call, shares of Intel have fallen 10.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Intel have traded between a low of $19.16 and a high of $29.27 and are now at $21.89, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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