Intel (INTC) Bouncing Following Early Selloff
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Intel (Nasdaq: INTC) shares are moving off days' lows this morning following record fourth quarter results. The stock is currently down 0.8% in early trading, though it's been 1.4% lower already today. Volume is also markedly above average.
Traders might be eying $21 as a support level for the stock today. Shares have found a range of $21.05 - $21.10 that they seem to like.
For Q410, Intel saw its EPS jump 48% to $0.59, beating the consensus by $0.06. Revs of $11.5 billion were also ahead of the Street.
Traders might be eying $21 as a support level for the stock today. Shares have found a range of $21.05 - $21.10 that they seem to like.
For Q410, Intel saw its EPS jump 48% to $0.59, beating the consensus by $0.06. Revs of $11.5 billion were also ahead of the Street.
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