$AMD Advanced Micro Devices Inc Stock Robo Analyst August 19 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 65.64 and 59.27. If the stock breaks down through support at 65.64 then it will probably continue lower to 59.27. The stock will meet resistance at 87.29 and 98.20. If the stock breaks up through resistance at 87.29 then it will probably continue higher to 98.20. The 200-day moving average is at 51.43. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (81.88), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”