Intel’s (NASDAQ:INTC) early July rally is starting to peter out. However, Intel stock may not be gearing up to cough back any of these latest gains. Shares in the chipmaker, which a few weeks ago hit a new 52-week low of $29.73 per share, are currently holding steady at price levels in the mid-$30s per share.
With this, you may be tempted to jump into a position in the chipmaker, on the view that further promising news and rising optimism will lead to a further surge higher for INTC. Even so, jumping in today could prove to be a regrettable move in hindsight.
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