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SmarTrend Watching for Potential Rebound in Shares of Intel After 1.27% Loss
Mar 15, 2013 (SmarTrend(R) News Watch via COMTEX) --
Intel (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $21.27 to a high of $21.70. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $21.45 on volume of 51.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
Over the past year, Intel has traded in a range of $19.16 to $29.27 and is now at $21.39, 12% above that low. The 200-day and 50-day moving averages have moved 0.36% lower and 0.44% higher 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
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