Intel has surged 38% since entering the Favored zone on April 1, climbing into the top tier of the SIA S&P 500 Index Report with a perfect SMAX score. Backed by a #1 ranked sector and a fresh bullish P&F signal, the move may be reflecting more than just short-term momentum. The question now may be whether this leadership can continue as Intel approaches key resistance levels, or if a new phase of the trend is about to emerge.