INTC shares saw a “death cross” formation this week, ie the 50-DMA fell below the 200-DMA, thus warning for more downside ahead. Friday, however, recorded siezeable gains right after price it tested its 9-month low. The short-term trend is now up as it filled the March 12 gap. Bullish with a stop @ $31.
INTC stock price (6 months)
Chart courtesy of StockCharts.com. http://stockcharts.com
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