$AMD Advanced Micro Devices Inc Stock Robo Analyst August 1 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 59.28 and 53.19. If the stock breaks down through support at 59.28 then it will probably continue lower to 53.19. The stock will meet resistance at 79.00 and 91.27. If the stock breaks up through resistance at 79.00 then it will probably continue higher to 91.27. The 200-day moving average is at 48.40. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (90.73).”