Intel (INTC) technical preview March 19, 2015

INTC shares have massively underperformed the general market this year. The bearish trend is still intact despite today’s gains. The October 2014 low ($29.25) and the June 2014 gap support (between $27.21 and $28.97) are the obvious levels of support. Only a close above the $31.50-$32 gap from last week would improve the technical picture.

INTC stock price (1 year)

intc3

Chart courtesy of StockCharts.com. http://stockcharts.com

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