The following is technical analysis on Intel Corporation (INTC) for October 14, 2009Intel Corporation (INTC) Support & Resistance Levels - 10/14/09
Resistance Levels -$22, $23, $23.91
Support Levels - $20.75, $20.30, $20
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Intel Corporation (INTC) reported a blow out earnings report Tuesday night. INTC came in with $0.35 EPS vs $0.28 expected. Looking at the chart, Intel stock has resistance around the $22 level as well as the upper $23's. I would be a buyer if INTC pulled back below $20.50 and retested the 10 day moving average. I will have another update in the coming days as this after hours move higher is digested. For more Technical Analysis - Go Here
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