Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 52.81 and 46.88. If the stock breaks down through support at 52.81 then it will probably continue lower to 46.88. The stock will meet resistance at 55.06 and 59.41. If the stock breaks up through resistance at 55.06 then it will probably continue higher to 59.41. The 200-day moving average is at 35.29. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (77.25).”

Advanced Micro Devices Inc (AMD) “On a long-term technical basis, the stock (AMD) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 52.81 and 46.56. If the stock breaks down through support at 52.81 then it will probably continue lower to 46.56. The stock will meet resistance at 54.88 and 59.41. If the stock breaks up through resistance at 54.88 then it will probably continue higher to 59.41. The 200-day moving average is at 35.16. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (70.94).”