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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 generally implies it is in a positive trend.
The stock has support at 76.10 and 67.49. If the stock breaks down through support at 76.10 then it will probably continue lower to 67.49. 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 53.12. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (77.63).”
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