Watch These Intel Stock Price Levels as Chipmaker Continues to Rally
Key Takeaways
- Intel shares rose again Tuesday after surging more than 12% last week as investors bid up the stock following a strategic update and ongoing deal rumors.
- A bullish engulfing pattern has formed on the chart near the early-September low, setting the stage for a potential double bottom.
- Investors should follow crucial overhead levels on Intel’s chart around $25, $30, and $37, while also tracking a key support level near $19.
Intel (INTC) shares rose again Tuesday after surging more than 12% last week as investors bid up the stock following a strategic update and ongoing deal rumors.
Last Tuesday, the embattled chipmaker said it plans to spin off its venture fund as a standalone entity while remaining an investor in an…
