Watch These Intel Stock Price Levels as Deal Rumors Continue to Swirl
Key Takeaways
- Intel shares could appear on watchlists today after CNBC reported late Thursday that the chipmaker is considering selling at least a minority stake in its Altera programmable chip unit.
- The stock broke above the neckline of a double bottom last month on above-average volume to confirm the pattern, but has since failed to find upside momentum.
- Investors should watch support levels on Intel’s chart around $22 and $19, while keeping an eye on resistance areas near $25 and $30.
Intel (INTC) shares could appear on watchlists Friday after CNBC reported late Thursday that the embattled chipmaker is considering selling at least a minority stake in its Altera programmable chip unit to raise several billion dollars in cash.
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