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Why Intel's Bear Market Plunge May Steepen

Mark Kolakowski

Shares of leading semiconductor manufacturer Intel Corp. ( INTC) are in a dive, having fallen nearly 20% since reaching an 18-year high close on June 1. Moreover, its 50-day moving average has dipped below its 200-day moving average, a so-called "death cross" that usually signals further declines ahead to chart-reading technical analysts, according to data from FactSet Research Systems,  MarketWatch reports.