Watch These Intel Stock Levels as CEO Reportedly Preparing Plans to Sell Assets, Cut Costs

Key TakeawaysIntel shares remain in focus this week after Reuters reported on Sunday that CEO Pat Gelsinger and other senior executives are expected to present plans later this month that involve shedding assets and reducing capital expenditures, as part of an effort to turn the company’s fortunes around. Since gapping down more than 26% in early August following the company's quarterly results, Intel shares have carved out two troughs, raising the possibility of a double bottom, a chart pattern that typica ...