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Stock Market & Financial Investment News

News Breaks
November 20, 2012
10:34 EDTINTCIntel falls to a new 52-week low, levels to watch
The shares slipped further into negative territory this morning, and marked a fresh 52-week low at $19.55 before bouncing slightly. Looking ahead, a big test of support would be at 2-year lows at $19.16. There is a range of support at that area from the summer of 2011 that is worth focusing on. Back then, a successful test of support at that area lead to a very strong rally, culminating in the peak reached in May of this year. If the shares test that area successfully again, it could presage a move higher over time. A breakdown below that support area though would have strongly bearish implications. On a break below $19.16, next support would be at $18.41, and then at $17.60, the 2010 low. Resistance is at $20.36, the 10-day moving average.
News For INTC From The Last 14 Days
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07:42 EDTINTCEPAM, WisdomTree added to Franchise Pick list at Jefferies
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06:16 EDTINTCIntel initiated with a Neutral at Citigroup
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08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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December 16, 2014
11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link

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