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Barchart
Wajeeh Khan

Intel Stock Just Hit a New 52-Week High. Should You Chase the Rally Here?

Intel (INTC) shares are extending gains on April 9 after the semiconductor company announced an extended, multi-year partnership with Alphabet's (GOOG) (GOOGL) Google to advance next-gen AI and cloud infrastructure. 

As investors cheered this announcement on Thursday morning, INTC’s relative strength index (14-day) climbed into the mid-70s, indicating overbought conditions that often precede a pullback. 

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