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Intel Corporation (INTC) “On a long-term technical basis, the stock (INTC) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 60.97 and 56.23. If the stock breaks down through support at 60.97 then it will probably continue lower to 56.23. The stock will meet resistance at 69.31 and 76.21. If the stock breaks up through resistance at 69.31 then it will probably continue higher to 76.21. The 200-day moving average is at 52.27. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (78.53).”
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