Intel Stock (INTC) Downgraded To $42 – Uptrend May Be About To End – Jun 27 2018

Jun 27, 2018 | Intel Stock (INTC), Selling Options For Income, Trade Alerts and Ideas

Intel Stock INTC

One of the mainstays of my portfolio for many years has been Intel Stock. With the stock already under selling pressure today Bernstein added further selling pressure when they downgraded the stock to underperform today.

Intel Price Target Slashed

They slashed their price target from $54 to $42 for the stock.

This places the stocks valuation below strong support which is at $47.

Bernstein had upgraded the stock in April after they reported stronger second quarter earnings than analysts had predicted.

Intel Stock 12 Month Chart

Looking at the 12 month daily chart the stock is well below the 50 and 100 day moving averages. It is preparing to fall to the 200 day moving average which is presently around the $47 support level. $42 is also a support level for the stock. Below $42 there is light support at $39 and against at $36. The 21 day moving average is on the verge of falling below the 50 day moving average. When this happens it will be the first major sell signal for the stock since January 3 2018. The stock has been in a strong uptrend since September 2017. That uptrend now looks like it may be about to end.

Intel Stock 12 Months Daily to Jun 27 2018




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