$AMD Advanced Micro Devices Inc Stock Robo Analyst January 27 20200 #AMD

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 43.98 and 40.00. If the stock breaks down through support at 43.98 then it will probably continue lower to 40.00. The stock will meet resistance at 52.81 and 57.46. If the stock breaks up through resistance at 52.81 then it will probably continue higher to 57.46. The 200-day moving average is at 33.83. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (81.84), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”