Watch These Intel Price Levels as Stock Surges After CEO Provides Business Update

Key TakeawaysIntel shares surged nearly 8% in extended trading on Monday, adding to big gains during regular trading, after the embattled chipmaker’s CEO Pat Gelsinger provided an update on the company’s plans to slash costs and turn around its business.Although the shares hit a new multi-year low this month, they have made a partial recovery to currently trade near their September high, potentially forming a hammer, a candlestick pattern that suggests a bullish reversal.Investors should monitor important s ...