Watch These Intel Stock Price Levels as Deal Rumors Continue to Swirl [Video]

Intel (INTC) shares could appear on watchlists Friday after CNBC reported late Thursday that the embattled chipmaker is considering selling at least a minority stake in its Altera programmable chip unit to raise several billion dollars in cash.

According to people familiar with the matter, the company seeks a deal valued at around $17 billion, slightly above the $16.7 billion it paid for Altera in 2015, the report said. The news comes as the chip giant continues to lose market shares to its rivals and works to hash out a comprehensive turnaround plan.

Although Intel shares have shed more than half of their value since the start of the year as of Thursday’s close, the stock has rallied more than 20% from its early September low amid strategic changes and reports of deal activity.

Below, we’ll take a closer look at Intel’s chart and use technical analysisto point out price levels worth watching …