Don't Ignore This Chart!

Stocks Surge, but Intel Breaks Flag Support

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Despite a rather broad market rally early Friday, Intel ($INTC) was under pressure with a sharp decline that broke flag support. The mid March gap proved too tough and this flag break signals a continuation lower.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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