Technology Stocks to Buy: Intel Corporation (INTC)
Intel Corporation (NASDAQ:INTC) shares are perking up out of a four-month downtrend, lifting off of support at the 200-day moving average to cross back over the 50-day average. Watch for INTC to make a run at double-top resistance near $38.
Intel stock has been in a sideways pattern since September amid concerns about PC demand and increased competitive pressure from Advanced Micro Devices, Inc. (NASDAQ:AMD) and the launch of its new CPU architecture.
But the recent acquisition of autonomous vehicle technology provider Mobileye NV (NYSE:MBLY) has sparked fresh interest as INTC continues to push into new areas of growth. Intel will next report results on April 27 after the bell. Analysts are looking for earnings of 65 cents per share on revenues of $14.5 billion.