Watch These Intel Price Levels After Report New CEO Is Mulling Manufacturing Strategy Shift
Key Takeaways
- A report new Intel CEO Lip-Bu Tan is considering costly changes to the company’s chip manufacturing business rattled shares this week.
- The stock rallied from a multi-month rangebound trading floor throughout June but has run into selling pressure in early July near the respected 50-week moving average.
- Investors should watch key overhead areas on Intel’s chart around $25, $30 and $37, while also monitoring a crucial support level near $19.
New Intel (INTC) CEO Lip-Bu Tan is reportedly considering costly changes to the company’s chip manufacturing business, rattling shares Wednesday, before a rebound Thursday.
Tan is exploring a strategy shift focusing on the next-generation “14A” manufacturing process from “18A,” in an…
