Intel’s stock has been grinding higher in recent weeks and is now trading back above its 200-day simple moving average (SMA). Combined with the fact that price action since late October consists of higher lows, the short-term picture seems to have shifted to cautiously positive, from neutral previously. The notion is supported by short-term momentum oscillators as well, with the RSI being in positive territory and pointing up, and the MACD rising above its red trigger line. If the bulls [..]
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