Watch These Intel Stock Price Levels After Chipmaker Agrees to Give Government 10% Stake
Key Takeaways
- Intel shares lost ground to start the week after surging Friday following news that the U.S. government had reached a deal to take a 10% stake in the embattled chipmaker.
- After attracting buying interest near a multi-month floor earlier this month, the stock has continued to climb higher on above-average volume, potentially setting the stage for a breakout from an established trading range.
- Investors should watch key overhead areas on Intel’s chart around $26 and $30, while also monitoring important support levels near $22 and $19.
Intel (INTC) shares wavered to start the week after surging Friday following news that the U.S. government had reached a deal to take a 10% stake in the embattled chipmaker.
President Donald…
