Intel Corp (INTC.US) stock fell 4.0% after Bloomberg reportedthat Apple Inc (AAPL.US) plans to introduce a series of new Mac processors as early as 2021 with the goal of outperforming Intel's fastest processors. In November, Apple introduced a new line of Mac computers that run on chips made by Apple, instead of a traditional chip manufacturer such as Intel. Mac chips do not make a big contribution to Intel's revenue, but Apple's growing independence means an industry shift that could hurt Intel's personal computing business.
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile appIntel (INTC.US) shares lost more than 13% from the start of the year. Stock launched today's session lower. Buyers made a failed attempt of breaking above the local resistance at $51.18 and sellers regained control. If the current sentiment prevails, the buyers should focus on the support at $49.20 which is additionally strengthened by 50 SMA. Source: xStation5
Apple Inc (AAPL.US) stock is testing the upper limit of the triangle pattern. Should a break above occurs, then another upward impulse towards ATH at $137.42 could be launched. Source: xStation5
