Intel Corporation ($INTC) rose on April 29, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
Foundry business momentum; +10.19% close; RSI at 85.87 signals strong momentum
The Bull Case
Foundry division gaining traction; up 92% in April; analyst price target hikes; potential turnaround narrative
The Bear Case
Extreme RSI (85.87) suggests overbought conditions; EPS negative (-$0.63 ttm); foundry business still struggling fundamentally; profit-taking risk
Price Target & What to Watch
$80.97 analyst target (vs. $93.14 current)