WebRTC Solutions Industry News

TMCNet:  Intel Falls 1.68% on Heavy Volume: Watch For Potential Rebound

[February 20, 2013]

Intel Falls 1.68% on Heavy Volume: Watch For Potential Rebound

Feb 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- Intel (NASDAQ:INTC) traded in a range yesterday that spanned from a low of $20.70 to a high of $21.10. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $20.99 on volume of 45.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend is tracking the current trend status for Intel and will alert subscribers who have INTC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Intel have traded between a low of $19.16 and a high of $29.27 and are now at $20.71, which is 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.3%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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