Intel Stock Price Levels to Watch as Struggling Chipmaker’s Earnings Loom
Key Takeaways
- Intel shares will be in focus this week as investors await the beleaguered chipmaker’s third quarter results after Thursday’s closing bell.
- Investors will look for further updates from executives about the company’s turnaround plans, which have helped underpin a 23% recovery in the chipmaker’s stock since its early-September low.
- The stock has continued to trade sideways since breaking out above the neckline of a double bottom pattern last month.
- Investors should watch key support levels on Intel’s chart around $22 and $19, while also monitoring important resistance areas near $25, $30 and $36.
Intel (INTC) shares will be in focus this week as investors await the beleaguered chipmaker’s third quarter results after…
