Key Takeaways
- Intel shares are trading at their highest level in 18 months, with the latest gains sparked by a report the company is in early-stage talks to manufacture chips for rival Advanced Micro Devices.
- The relative strength index confirms upward price momentum in the stock, though the indicator sits in overbought territory, which could potentially lead to near-term profit taking.
- Investors should watch major overhead areas on Intel’s chart around $42 and $50, while also tracking key support levels near $30 and $26.
Intel (INTC) shares are trading at their highest level in 18 months, with the latest gains sparked by a report the company is in early-stage talks to manufacture chips through its foundry business for rival Advanced…
