|
Advanced Micro Devices (AMD) Breaks Through Resistance at $2.71
Mar 20, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of Advanced Micro Devices (NYSE:AMD) have bullishly opened above the pivot of $2.66 today and have reached the first resistance level of $2.71. Investors may be interested in a cross of the next upside pivot targets of $2.74 and $2.82.
In the past 52 weeks, shares of Advanced Micro Devices have traded between a low of $1.81 and a high of $8.35 and are now at $2.72, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 0.2%.
Advanced Micro Devices (NYSE:AMD) has potential upside of 6.1% based on a current price of $2.72 and analysts' consensus price target of $2.89. Advanced Micro Devices shares should encounter resistance at the 200-day moving average (MA) of $3.37 and support at the 50-day MA of $2.62.
SmarTrend recommended that subscribers consider buying shares of Advanced Micro Devices on December 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.36. Since that recommendation, shares of Advanced Micro Devices have risen 13.1%. We continue to monitor AMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
[ Back To Technology News's Homepage ]
|
Internet Telephony Magazine
Click here to read latest issue
CUSTOMER 
Cloud Computing Magazine
Click here to read latest issue
M2M Evolution Magazine
Call Center/CRM
Info Tech 
IP Communications 
Mobile 
Green 
Satellite 
Robotics 
