The development of resistance level is triggered by underlying changes above or below investor's expectations. This development is a valuable data point that is one of the most noticeable and reoccurring events on the chart. Based on the pivot points, the current support and resistance levels for INTC are within $23.29 and $24.65.
Intel Corporation is a semiconductor chip maker, which develops advanced integrated digital technology products, mainly integrated circuits, for industries such as computing and communications.
Intel shares plunged after the firm cut its profit outlook and UBS lowered its view on the company for the first quarter in 2012. The stock led the Nasdaq tech barometer lower, with the Dow Jones semiconductor index down about 3 percent.
Intel Corporation has market cap of 127.35B and is part of the technology sector and semiconductor - broad line industry. Historical performance shows that the stock has gained 19.10% within the last six month. The mean analyst rating for the stock is hold. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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