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Intel looks pretty grim in this range. After that gap back above $20 the stock stalled out and traded in a channel between $19.20 and $20 but could not move back above $20.
Yesterday's distribution day brought the stock under $19 and looks as if $18.40ish will be the next support area.
__________________ Blain Reinkensmeyer
Founder, stocktradingtogo.com
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