Dow Jones Today: US Stock Futures Rise as Investors Await Fed Chair Powell's Testimony

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Intel Price Levels to Watch as Stock Continues to Rise

5 minutes ago

Intel (INTC), which is on a four-session winning streak, continued to rise on Tuesday. The stock has surged on amid optimism the chipmaker stands to benefit from growing interest in artificial intelligence (AI) personal computers and other hardware trends related to the technology. 

Despite the 50-day moving average (MA) crossing below the 200-day MA to form an ominous death cross in early May, Intel shares have traded within a narrow range with several volume spikes since that time.

On Monday, the chipmaker’s stock gapped above the trading range’s top trendline on the highest share turnover since June 21, indicating bullish conviction behind the breakout. Moreover, the relative strength index (RSI) has moved in overbought territory above the 70 thresholds, confirming strong price momentum.

Amid a continued move higher, investors should monitor these four key levels where the shares may encounter overhead resistance.


The first sits around $35.50, an area on the chart connecting prices near a minor countertrend retracement during the stock’s sharp downtrading move in April. If the stock breaks through this level, it may move up to retest a key horizontal line near $39 that links the prominent September 2023 swing high with the 200-day MA.

A close above this region could see the shares climb to around $42, where they would likely face sellers near a trendline connecting four price troughs between December 2023 and March this year. Finally, a longer-term rally may see the price revisit $45.50 near a horizontal line that connects several price peaks over a five-month period from November to April.

Tim Smith

Stock Futures Point to Higher Open For Major Indexes

1 hr 38 min ago

Futures contracts connected to the Dow Jones Industrial Average were up 0.1%


S&P 500 futures were up 0.2%


Nasdaq 100 futures were up 0.3%.