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TMCNet:  Look for Shares of Intel to Potentially Rebound after Yesterday's 3.64% Sell Off

[November 20, 2012]

Look for Shares of Intel to Potentially Rebound after Yesterday's 3.64% Sell Off

Nov 20, 2012 (SmarTrend(R) News Watch via COMTEX) -- Intel (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $19.35 to a high of $19.88. Yesterday, the shares fell 3.6%, which took the trading range below the 3-day low of $19.73 on volume of 85.6 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 19.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Intel has traded in a range of $19.16 to $29.27 and is now at $19.50, 2% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1%.

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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