Intel Is Close to Resistance

New York, December 19th (TradersHuddle.com) - Shares of Intel Corporation (NASDAQ:INTC) are trading very close to calculated resistance at $20.99. The stock ended the trading session at just $20.96, which is near levels that make it difficult to buy or start a position.

Intel Corporation (NASDAQ:INTC), designs, manufactures, and sells microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, and other computer related components. The largest chipmaker in the world was founded in 1968 and is based in Santa Clara, CA.

Intel's stock range is defined by its calculated support defined at $19.23 and by the resistance level at $20.99; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Intel. However, as the stock pulls back towards $19.23 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $20.99 then traders will get an opportunity to enter the stock as it moves to a higher range.



Related Partner Headlines

    You could minimize risk by trading in stock sectors rather than individual stocks. Find out why ETFs are the hottest investment vehicle on the planet. Try ETF Profits for FREE NOW!

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 17,086.63 ▼26.91 (-0.16%)
    o S&P 500 1,987.01 ▲3.48 (0.18%)
    o NASDAQ 4,473.70 ▲17.68 (0.40%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:17,086.63 Trade time:4:31PM EDT Value change:▼26.91 (-0.16%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,987.01 Trade time:4:31PM EDT Value change:▲3.48 (0.18%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,473.70 Trade time:5:15PM EDT Value change:▲17.68 (0.40%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.