$AMD Advanced Micro Devices Inc Stock Robo Analyst August 5 2020 #AMD

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

The stock has support at 63.82 and 59.27. If the stock breaks down through support at 63.82 then it will probably continue lower to 59.27. The stock will meet resistance at 86.38 and 99.56. If the stock breaks up through resistance at 86.38 then it will probably continue higher to 99.56. The 200-day moving average is at 49.18. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (94.45).”