With Intel's (INTC) shares down sharply on Monday, let's revisit the charts.
We reviewed the charts of Intel Inc. back on Jan. 22 and wrote that, "The price history shows that when INTC turns lower you need to get out the way."
In the daily bar chart of INTC, below, we can that the shares dipped sharply in late January but managed to hold the flat 200-day moving average line. Prices reversed to the upside quickly and rallied about $14. The slope of the 50-day line is positive and the 200-day moving average line now has a positive slope.
The On-Balance-Volume (OBV) line has moved higher from late January telling me that buyers of INTC have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has been making lower highs from late January.