Watch These Intel Price Levels After Stock Surged 20% Last Week
Key Takeaways
- Intel shares remain in the spotlight after soaring 20% last week, boosted by reports the chipmaker is soliciting investments from Apple and Taiwan Semiconductor Manufacturing Co.
- Since breaking out above a multi-month trading range earlier this month, the stock has continued to trend sharply higher and closed above the closely watched 200-week moving average last week.
- Investors should watch critical overhead areas on Intel’s chart around $45 and $56, while also monitoring major support levels near $30 and $26.
Intel (INTC) shares remain in the spotlight after soaring last week amid investor optimism that the embattled chipmaker could secure additional investments.
The stock gained 20% last week and has risen more…
