Hadn't seen anyone using a 600 day moving average before. The shift to mobile and away from PCs was not in effect to the extent it is today. Granted Intel is late to the game. But the issue isn't that big of an obstacle. Intel is heading to $25. That price point isn't what moves the near term. The programmed trading platforms of the institutions will back & fill and back & fill as they trade for free shares. Decent returns in this stock will take several months at least. Intel represents a tech value play of high quality, IMHO.
It was not going to break the 600 MA at 22.15 that easily. However it did finish above the 150 MA at 21.82 which previously was resistance in January when it was at 22.81 so that may be a new support level, next few days will tell.