Intel Records Sizable Gains After 9-Month Low

 | Mar 29, 2015 12:45AM ET

Intel Corporation (NASDAQ:INTC) shares saw a “death cross” formation this week, i.e. the 50-DMA fell below the 200-DMA, thus warning for more downside ahead. Friday, however, recorded siezeable gains right after price tested its 9-month low. The short-term trend is now up as it filled the March 12 gap. Bullish with a stop @ $31.

INTC stock price (6 months):