Rangebound Action on IBD 20 Stock $INTC

20 May 2020

INTC in a pronounced range-bound area. A double Double Top. Price rejected the upper limit today, could see price move to lower limit. Watch the 59.50 area, as the DCG Alligator indicates an area of support. Intermediate-term I'd watch price and volume near the limits and support, price will break the range eventually.