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The majority of over 50 analysts in the market are giving "Hold" or "Sell" signals for $INTC .
Before the company's second-quarter financial results, to be announced on July 23rd, it is known that foundry investments have dried up cash flow. Therefore, banks are leaning towards "Sell" to protect investors before the balance sheet release.
The share price has fallen to $95, dropping below the EMA50 $109 and EMA100 $100 levels. This is causing institutional funds to trigger automatic sell orders in their algorithms.
EMA 200: $82.40
$JPM & $WFC Sell, $GS Hold