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Semiconductor Bear Market Could Trap Complacent Shareholders

Semiconductor analysts at Morgan Stanley, Deutsche Bank, SunTrust Bank and other investment houses have been sounding the alarm for weeks now. Intel Corporation ( INTC) shares spent years struggling in the $20s and $30s, finally breaking out in the fourth quarter of 2017 and entering an uptrend that posted a 17-year high in the upper $50s in June. It has been all downhill since that time, with the industry leader retreating nearly 25% while breaking support at the 200-day exponential moving average (EMA).