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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 52.90 and 49.09. If the stock breaks down through support at 52.90 then it will probably continue lower to 49.09. The stock will meet resistance at 58.63 and 66.68. If the stock breaks up through resistance at 58.63 then it will probably continue higher to 66.68. The 200-day moving average is at 41.07. This will also act as support. The stock is neutral according to the Stochastic Indicator (46.85).”
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