pool adsIntel Corporation (NASDAQ:INTC) Rating Change: Buy to Hold
Stock Traders Daily is updating its buy rating on Intel Corporation (NASDAQ:INTC) to reflect the aggressive increase in price that has taken place since the buy rating was initiated on September 23. The buy rating was issued when INTC was trading near $28.2 with a price target of about $34.
Within 14 calendar days INTC increased by about 15% and the stock is now within striking distance of our $34 price target.
As a result our rating for INTC is changing from Buy to Hold.
Depending on the price action in the near term sell signals may also surface.
Support and Resistance Plot Chart for
Blue = Current Price
Red= Resistance
Green = Support
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