With semiconductor stocks losing momentum over the past few weeks, Intel's strength is starting to show some cracks and at risk of a pullback.
Ever since, Intel (INTC) has been playing catch-up, and early last year, investors started to pay attention and boost the shares.
The momentum turning negative, coupled with the poor relative strength, suggests INTC could be headed for some further downside towards its $37 breakout level.
This leads to risks to the downside as relative strength and momentum slows for INTC.
BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons:
INTC
Organizations:
Intel, AMD
Locations:
China