Advanced Micro Devices Inc. (AMD) – stock is trading around $39.63 dollars as of December, 09, 2019 and offering a possible buying price between $39.47 – $41.44. Let’s look at the stocks technical actions using a weekly chart.
2. The stock staged the initial breakout back in October when bounced from the 50 day moving average (DMA) line.
3. The stock had a solid run after that.
4. The stock appears to be in a tight consolidation in recent weeks.
5. The stock also witness a stalling week during the consolidation, but still managed to end in green.
6. The stock is offering possible buying price between $39.47 – $41.44, with a stop loss at $36.46.
This stock is already part of the Stocks Under 50 Dollars pick and performance will be tracked here .
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