New York, NY -- (SBWIRE) -- 01/18/2013 -- Intel Corporation (NASDAQ: INTC), a designer and manufacturer of digital technology platforms, has fallen sharply in trading today even as the chipmaker reported better-than-expected fourth-quarter earnings. The stock has slipped as the company’s outlook for the first quarter fell short of consensus forecast.
At last check, INTC was trading 6.79% lower at $21.14 on volume of 79.49 million, which is nearly two times the daily average volume of 41.08 million.
INTC had an excellent run prior to today’s sell-off. Earlier this week, the stock broke through $22 resistance level. However, the weaker-than-expected outlook has once again dragged INTC lower. The stock currently has support at $21.
Research In Motion Limited (NASDAQ: RIMM), the maker of BlackBerry smartphones, is rallying in mid-day trading today, extending its gains for the week. At last check, RIMM was trading 6.64% higher at $15.90 on volume of 46.33 million, which is below the daily average volume of 49.37 million.
RIMM has gained more than 16% this week. The stock is gaining momentum ahead of the launch of the BlackBerry 10 operating system. The company is hoping that the launch of the new operating system and two new phones will help in its turnaround efforts.
RIMM has broken through $14 resistance level as a result of the rally this week.
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