Intel Corporation (INTC)

Intel Corporation (NASDAQ: INTC) has reduced its 3Q outlook to estimate revenues between $10.8-11.2B (previously $11.2-12.0B), Oppenheimer reports. The PC supply chain has deteriorated sharply for Intel, along with PC data points that has been negative since early 2Q. According to Oppenheimer, the...

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...