Intel leans on SMA support - Analysis - 23-02-2018

Intel's stock (INTC) fell in the intraday levels, recording a loss of 0.30% in the last session, or 0.14 points, and leaning on the support of the 50-day SMA, as the stock tries to gather momentum to help it rise anew, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the Relative Strength Index. 

Therefore we expect the stock to return higher, targeting the resistance of 47.30.