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INTC stock price fell 5% in the previous session ahead of earnings.
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Intel stock price slipped below the 50-day and 200-day EMA.
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Intel Corporation is expected to release its quarterly earnings on October 26, 2023, after the bell.
Intel Corporation, INTC stock price reversed and corrected 10% from the recent swing high. It seems to be in the initial phase of bearish trend reversal and declined by forming lower lows.
Intel stock price slipped below the 50-day EMA showing the sellers’ dominance on the higher levels. The 200-day EMA support is also broken but the confirmation of the bearish trend level is awaited.
Previously, INTC stock price tried multiple times to break the $38.00 hurdle. But the attempt failed and prices were thrown back to the support zones. It shows that sellers are still active in the supply zone.
Intel Corporation is expected to release quarterly earnings on October 26, 2023. Market analysts estimated an E
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