This Dow trade-war victim could fall another 18%, technical analyst warns (via TradingNation)
Its technical setup is flashing a warning sign, O'Hara told "" in an email Wednesday. He said the stock has cut underneath its 200-week moving average and could break support at $160. If it breaks through there, it will not find another level of support until $135, he warns. That marks 18% downside.
"While Caterpillar and 3M are poster children for the global slowdown and all the problems with China trade, I think Intel is the most vulnerable," Schlossberg said on CNBC's "Trading Nation" on Wednesday. "Its own organic business is being threatened by all sides.is really hurting it in the cloud. It's really unable to do anything in mobile, and the margins are really compressing.
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