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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 70.72 and 62.45. If the stock breaks down through support at 70.72 then it will probably continue lower to 62.45. The stock will meet resistance at 76.05 and 87.29. If the stock breaks up through resistance at 76.05 then it will probably continue higher to 87.29. The 200-day moving average is at 56.31. This will also act as support. The stock is extremely oversold according to the Stochastic Indicator (14.27).”
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