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If Support Breaks, Intel Looks Vulnerable to Further Declines in the Weeks Ahead

Bruce Kamich

Let's check the charts and indicators for this member of the Dow Industrials. In this daily bar chart of INTC, below, we can see how quickly an uptrend can be reversed. The daily On-Balance-Volume (OBV) line has declined sharply in recent weeks, telling us that sellers of INTC have become aggressive.