Watch These Intel Stock Price Levels as Deal Speculation Mounts
Key Takeaways
- Intel shares will remain on investors’ radar screens Tuesday after a report over the weekend said that Broadcom and Taiwan Semiconductor Manufacturing Co. are considering bids for parts of the company.
- Since gapping sharply lower in early August last year, the stock has remained mostly rangebound, potentially carving out a rectangle bottoming pattern.
- The relative strength index sits just below the 70 threshold, confirming bullish momentum, setting the stage for positive price action to continue this week.
- Investors should watch key overhead areas on Intel’s chart around $26, $32, $37, and $45, while also monitoring a major support level near $19.
Intel (INTC) shares will remain on investors’ radar screens Tuesday after…
