INTC Death Cross
The last time INTC's chart performed the death cross it traded from 26.60 to 19.30 in a short period, well it has happened again. Right now we are trading at 30.79 but the pressure is mounting as institutional selling has begun. This to me looks like a great short , at least until earnings in April. INTC's forward looking guidance has the stocks estimate at .42c which is down from last quarters earnings at .74c. With lack of mobile presence and technical chart issues this stock could soon be trading at 26.00.
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