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Intel Corp (INTC) Slams Into Double Top Resistance

Shares of Intel Corp (INTC) slammed into a major double top resistance level today at $$59.50. The technical indicators are flashing overbought. The combination of the two tell investors there is a strong likelihood of a pullback in January from this level as optimism is too heavily weighted to the buy side/greed side. Swing traders looking for a quick score can short it here for a downward drop to $53.50, likely in January into February.

 

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