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TMCNet:  Watch for Shares of Intel (INTC) to Approach Resistance at $21.54

[January 07, 2013]

Watch for Shares of Intel (INTC) to Approach Resistance at $21.54

Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Intel (NASDAQ:INTC) opened today above their pivot of $21.20 and have already reached the first level of resistance at $21.35. Analysts will be watching for a cross of the next upside pivot targets of $21.54 and $21.88.

Intel has overhead space with shares priced $21.26, or 7.7% below the average consensus analyst price target of $23.02. The stock should hit resistance at its 200-day moving average (MA) of $24.50, as well as support at its 50-day MA of $20.65.

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 $21.26, which is 11% above that low price. The 200-day and 50-day moving averages have moved 0.53% lower and 0.25% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Intel and will alert subscribers who have INTC in their portfolio or watchlist when shares have changed trend direction.

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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