Intel Corp.(NASDAQ:INTC) is a market leading semiconductor maker that has been under pressure recently despite the the rally in the major stock market indexes. The stock is now entering oversold territory on the daily chart. Traders can look at the $20.47 area for short term intra-day support. This is where the stock could see a small bounce.
The Semiconductor Holders Trust(NYSE:SMH) is a basket of the leading semiconductor stocks. This popular ETF is trading higher by just 0.01 cent to $32.65. The SMH is a good barometer for how the semiconductor sector is behaving as a whole. Intra-day the SMH will have good short term resistance around the $32.80 area.
Nicholas Santiago
InTheMoneyStocks.com
