Intel Coporation (INTC) is moving towards a breakout zone

Stock of the Day – Intel Corporation (INTC)
Close – $19.93
Strategy – Long
MACD – 0.35
RSI – 66.77

Looking at the long term trend, the stock has formed a U shaped pattern. The stock is facing some resistance at $19-$20 range. Expect the stock to rally and breakout once it crosses the $19-$20 resistance range.