Watch These Intel Price Levels as Chipmaker’s Stock Tumbles on Soft Outlook
Key Takeaways
- Intel shares dropped 5% in extended trading on Thursday after the chipmaker posted a quarterly outlook that fell short of Wall Street expectations.
- Since gapping sharply lower last August, the stock has drifted sideways in an extended trading range, helping to establish identifiable trading levels.
- Investors should watch major support levels on Intel’s chart around $19 and $15, while also monitoring vital overhead areas near $22 and $26.
Intel (INTC) shares slumped in extended trading on Thursday after the chipmaker posted a quarterly outlook that fell short of Wall Street expectations.
The chipmaker said uncertainty surrounding the Trump administration’s tariff policies had led customers to stockpile chips in the…
