TMCnet News
SmarTrend Watching for Potential Pullback in Shares of Advanced Micro Devices After 1.49% GainJan 16, 2013 (SmarTrend(R) News Watch via COMTEX) -- Advanced Micro Devices (NYSE:AMD) traded in a range yesterday that spanned from a low of $2.63 to a high of $2.76. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $2.70 on volume of 31.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. 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 13.6%. We continue to monitor AMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Over the past year, Advanced Micro Devices has traded in a range of $1.81 to $8.35 and is now at $2.72, 50% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 1.9%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |