Intel racks up fresh profits - Analysis - 11-07-2018

Intel's stock (INTC) kept rising in the intraday levels, scoring a fresh profit of 0.58% in the last session, or 0.30 points, and attacking the resistance of 51.94, amid the dominance of the main upward trend in the medium and short terms, with negative pressure from the 50-day SMA, while the Relative Strength Index reached extremely overbought levels. 

Therefore we expect more gains for the stock, provided the resistance of 51.94 was breached, targeting the next one at 57.60.