Watch These Intel Stock Price Levels After Recent Rally Stalls
Key Takeaways
- Intel shares fell slightly Thursday after a steep downturn the previous session that snapped a five-day winning streak, during which the stock gained about 30%.
- Since the stock’s steep drop in early August last year, the price has oscillated within an orderly trading range, potentially carving out a rectangle bottom.
- Investors should watch key overhead areas on Intel’s chart around $26, $30 and $36, while also monitoring an important support level near $19.
Intel (INTC) shares fell slightly Thursday after a steep downturn the previous session that snapped a five-day winning streak for the embattled chipmaker.
The stock surged about 30% during the week-long run, which came as Intel named Lip-Bu Tan as its new CEO and…
