Shares of Intel Corporation (INTC) Remain Above the Support Line
Published on 07/29/2010 by Leo Goldman
Shares of INTC touched the 50-day moving average from above but failed to break through the widely
watched support line. If the stock price remains above the critical 50-day moving average, then
investors may continue to buy the shares in anticipation of an upward price move.
If shares of Intel Corporation fall below the support line, the trend of the stock may change.
The stock might become bear or neutral and traders may need to rely on other indicators as part of their
strategy to determine what action to take concerning the stock.
Shares of Intel Corporation closed at $21.33 in the previous trading session and opened today at $21.40.
INTC is currently trading at $21.03, down $0.30 (-1.41%) in today's trading session.
The shares of the stock are trading between the range of $20.76 - $21.48. Today's price change was accompanied by a volume of 83,774,976 shares which
is greater than the average volume of 76,580,200 shares.
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