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Actionable news in INTC: Intel Corporation,

Intel Earnings Streak on Line as Charts Flash Warning Signs

NEW YORK (TheStreet) -- Intel (INTC - Get Report) shares have risen 29.3% since the infamous "Black Monday" flash crash of Aug. 24. The daily and weekly charts told investors it was time to buy. But what about as the company reports earnings after the close Tuesday?

The daily chart showed Intel had been trading under a "death cross" since March 23 when the stock closed at $31.20. This technical indicator of further declines ahead occurs when the 50-day simple moving average declines below the 200-day simple moving average. This made shares of Intel extremely vulnerable to the flash crash. However, an oversold condition on the weekly chart and a test of the 200-week simple moving average the week before the crash provided a buying opportunity.

Analysts expect Intel to report earnings of 59 cents a share and the company has a six consecutive earnings-per-share winning streak. However, increasing revenue and cautious forward guidance have been challenging in a world where fewer people are buying personal computers using Intel chips.

Here's the daily chart for Intel.

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