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Barchart
Barchart
Jim Van Meerten

Chart of the Day: Intel (INTC) Could Be Basing for Recovery Rally

The Barchart Chart of the Day belongs to Intel (INTC).  I found the stock by using Barchart.com to find the "Barchart New Highs" page, and then I clicked on pull-down to select stocks with new 52-week highs.  I then viewed the stocks on the list with the FlipCharts feature. 

Intel on Tuesday edged to a 13-month high, taking out the previous highs posted in June and July by a small margin.  Intel closed Tuesday mildly higher by +0.27%. Intel showed a sharp sell-off from April to October 2022, but could be basing for a recovery rally with progressively higher highs and higher lows. 

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