InTheMoney Stocks

Intel Breaks Gap Window, Headed To Gap Fill At $31.7

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Intel             Corporation (NASDAQ:INTC) broke gap window today. Gap window is a technical support level (in this case), created by the gap up Intel             had following their earnings announcement. Once this level is broken, price generally gravitates to gap fill which is the closing price on the daily chart prior to the earnings report. This will be a big support point for the stock. The Intel Corp             gap fill level is $31.75. Please note the chart below.

Gareth Soloway
Chief Market Strategist
looking at the table of options it seems that there is interest in doing down prices as the strike of 33, there are nearly 19,500 contracts put in, this would be a great support
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