Intel Stock Price Levels to Watch After CEO Shakeup
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Intel shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped down and will be replaced by a pair of interim co-CEO’s as it searches for a permanent replacement.
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The stock dropped Monday towards the 50-day moving average on the highest volume in more than a month, indicating selling conviction behind the move.
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Investors should watch key support levels on Intel’s chart around $22 and $18.50, while also monitoring resistance levels near $30 and $37.
Intel (INTC) shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped down and will be replaced by a pair of interim…
