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…

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