Intel’s share prices have been losing out to red hot gains in Nvidia. According to Bloomberg Intel’s sales are projected to end 2024 with $20 billion less revenue than it had in 2021. This is in stark contrast to Nvidia’s sales which are set to double and AMD sales are projected to grow more than 10%. Intel has been the market leader in the computer industry for many years, but now it is losing out to rivals.On top of this we can see Intel’s price action is consolidating into a narrow, sideways range. Do the seasonal’s provide any opportunities here? Well, over the last 25 years, between July 02 and July 19, Intel share prices have risen 72% of the time with an average return of 3.27%. So, a summer break out of the recent range could be a possibility. 
However, there is also a weaker period immediately after this seasonal period of strength. 
Technically, we can see that Intel is stuck in a narrow daily range after sharp falls in April as it’s rivals snap up gains. 
The major trade risk here is that previous price patterns do not necessarily repeat themselves each time.More By This Author:Hot Stocks For The Hot Summer What Seasonal Clues Do We See Ahead Of The US CPI Print?Will The Nasdaq Rise Into The Fed Meeting On Wednesday?
