Intel chalks up another loss - Analysis - 17-08-2018

Intel's stock fell in the intraday levels, recording a fresh loss of 0.61% in the last session, or 0.29 points, while getting weighed down by piercing the upside trend line recently in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the Relative Strength Index.

Therefore we expect more losses for the stock, targeting the support of 43.10, as long as it settles below 48.50.