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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 generally implies it is in a positive trend.
The stock has support at 58.52 and 43.63. If the stock breaks down through support at 58.52 then it will probably continue lower to 43.63. The stock has resistance at 60.35 and at 64.14. If the stock breaks up through resistance at 60.35 then it will probably continue higher to 64.14. The 200-day moving average is at 57.55. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 58.52 look for a rally to previous highs. The stock is slightly oversold according to the Stochastic Indicator (32.62).”
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