Advanced Micro Devices Inc. (AMD) – stock is trading around $30.97 dollars as of October, 21, 2019 and offering a possible buying price between $30.90 – $32.45. Let’s look at the stocks technical actions using a weekly chart.
2. The stock breakout back in end of January when the market came out the sell off.
3. The stock had a slow, but a steady run after that. Pretty much all the breakouts were followed by a nice consolidation.
4. The stock also found support at the 50 day moving average line during this steady run.
5. The stock witnessed a stalling week back in early August, but ended up giving the 50 DMA support.
6. But, it rallied last few weeks and regained the 50 DMA support back again, now.
7. The stock is offering possible buying price between $30.90 – $32.45, with a stop loss at $28.43.
This stock is already part of the Stocks Under 50 Dollars pick and performance will be tracked here .
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