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TMCNet:  Intel Set to Possibly Pullback After Yesterday's Rally of 3.69%

[January 02, 2013]

Intel Set to Possibly Pullback After Yesterday's Rally of 3.69%

Jan 02, 2013 (SmarTrend(R) News Watch via COMTEX) -- Intel (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $21.05 to a high of $21.38. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $20.76 on volume of 47.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Intel. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intel in search of a potential trend change.

Over the past year, Intel has traded in a range of $19.16 to $29.27 and is now at $21.34, 11% above that low. The 200-day and 50-day moving averages have moved 0.55% lower and 0.5% lower over the past week, respectively.

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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