Intel: After a 42% Drop, Is This One to Keep on the Radar?Intel CorporationBATS:INTCDukesMarketAnalysisA Dramatic Fall From the Highs Intel has suffered a sharp reversal from its $142.35 all-time high, falling around 42% to its July low at $81.79 in less than a month. After such a substantial decline, the stock is beginning to become increasingly interesting from a longer-term perspective. Bearish Structure Remains Intact Despite the size of the decline, there is no technical confirmation of a reversal just yet. INTC continues to produce a series of lower highs and lower lows, leaving the bearish structure firmly intact for the time being. Price Approaches the 200-Day EMA Intel is now heading towards its rising 200-Day EMA, which could provide an important test for buyers. StochRSI has also moved into oversold territory, although RSI remains bearish below 50. Bulls Have Plenty to Prove The declining 50-Day EMA remains overhead and could provide resistance on any recovery. More importantly, bulls need to reclaim the $107.57 swing high on a closing basis to change the current bearish character of the chart. Could Better Value Be Emerging? Unlike stocks already trading around record highs, Intel's substantial decline means some of the previous excess has already been removed. That doesn't necessarily make the bottom in, but it does make the stock one to keep on the radar should buyers begin establishing a convincing reversal. In Summary Intel has fallen around 42% from its all-time high to the July low in less than a month, bringing the stock firmly back onto the radar. The structure remains bearish, but price is approaching the rising 200-Day EMA with StochRSI already oversold. Bulls still have work to do, with a close above $107.57 needed to change the bearish character and increase the odds that the primary uptrend is beginning to resume.