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Intel Corporation (INTC) “On a long-term technical basis, the stock (INTC) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 43.56 and 41.10. If the stock breaks down through support at 43.56 then it will probably continue lower to 41.10. The stock has resistance at 46.97 and at 49.73. If the stock breaks up through resistance at 46.97 then it will probably continue higher to 49.73. The 200-day moving average is at 56.15. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (13.11).”
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