Market Overview

Intel And AMD Going In Opposite Directions

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Intel Corporation (NASDAQ: INTC) shares are trading lower by $0.53 (1.4 percent) at $35.99 in Wednesday's session. It's more than $2.00 lower than its post-earnings high that was made on January 27 at $38.45.

Meanwhile, shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) are at nine-year highs and $4.00 higher that the close the day of its Q4 earnings report.

In today's session, Intel was unable to reclaim Tuesday's closing price ($36.52), peaking shortly after the open at $36.40 and heading lower. So far, the ensuing decline has taken the issue to $35.89 and it's attempting to reenter the $36.00 handle.

If the decline continues, there may be additional support at the pair of lows from February 14 ($35.53) and February 15 ($35.67).

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

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