Shares Gained More Than 6% on Monday
Key Takeaways
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Intel shares climbed to a two-month high on Monday as analysts said the company stands to benefit from growing interest in AI personal computers and other hardware trends related to the technology.
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The Intel share price has gapped above the top trendline of a narrow trading range on the highest share turnover since June 21, indicating bullish conviction behind the move.
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Amid further upside Intel shares may encounter resistance at $35.50, $39, $42. and $45.50.
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Short-term overbought conditions could see the stock’s price retrace to the prior trading range’s top trendline around $32, which has now likely flipped from an area of resistance into support.
Intel (INTC) shares jumped more than 6% to a two-month high on Monday as analysts at Melius Research said the chipmaker stands to benefit from growing interest in
