Tuesday, 26 September 2017

AMD - a fourth day lower

Like many tech stocks, Advanced Micro Devices (AMD) opened sig' higher, but settled lower for a fourth consecutive day, -1.3% at $12.45. The daily close under the 200dma is very bearish, and threatens October downside to the key psy' level of $10.00. Mid term bullish to $20.00.

AMD daily

AMD monthly


To be absolutely clear.... I'm short term bearish, but mid term bullish.
I will only add, I can think of many better tech companies though, as AMD is yet to prove itself with decent earnings.

I'd refer anyone to go do some research in MU, NVDA, INTC, QCOM, AAPL, CSCO, ORCL, and ADBE.