Peter Smith
Intel (INTC) has delivered one of its most impressive rallies in years. After spending months stuck in a narrow trading range, the chipmaker's stock exploded higher on strong buying volume, pushing into critical resistance territory at $36.96. If momentum holds, bulls could drive the stock toward the $50 mark.
Intel Stock Price Analysis
Trader Thomas James Investing noted that if $36.96 flips from resistance to support, it could trigger a powerful run toward $50, representing a major shift for INTC shareholders. The weekly chart shows just how powerful Intel's recent recovery has been.
After grinding sideways between $18.92 and $27.90 for months, INTC launched a sharp rally that blew through multiple resistance levels. The stock is now testing the $36.96 zone, though it hasn't yet secured a weekly close above this level. Previous resistance areas at $24.07 and $27.90 should now act as support if the stock pulls back. If buyers stay in control, the next major target sits at $50.55.
What's Driving Intel Higher?
Intel's surge is backed by both technical strength and improving fundamentals. Renewed excitement around semiconductors, particularly AI-related chip demand, has pulled money into the sector. Intel's restructuring initiatives and focus on advanced manufacturing have also restored some investor confidence.
Peter Smith
