Watch These Intel Price Levels After Stock Surged 8% Tuesday to Lead S&P 500 Gainers
Key Takeaways
- Intel shares soared on Tuesday, pacing gains on the S&P 500, as chip stocks rallied amid hopes that curbs on exports to China could be eased.
- The stock recently found buying interest around the lower levels of a multi-month trading range, with the price closing above both the 50- and 200-day moving averages on Tuesday.
- Investors should watch crucial overhead areas on Intel’s chart around $23, $26 and $33, while also monitoring a major support level near $19.
Intel (INTC) shares soared on Tuesday, pacing gains on the S&P 500, as chip stocks rallied amid hopes that curbs on exports to China could be eased.
The gains for chip stocks—the PHLX Semiconductor Index has risen 2% in each of the past two sessions—come as the…
