Market Blog Technical Analysis

Advanced Micro Devices, Inc. (NASDAQ:AMD) stock is in neutral territory but the long term bias remains bullish

Antonio's perspective for AMD Stock has been pulling back since hitting a 52-week high of $15.55 on February 28. Short term traders should watch the downtrend line on chart above around the $14.20 level. Only a break and close above this zone (14.2/25) would lead to reversal higher into 15 level. On the downside, the daily chart is showing good support around the $13.50 area, but a decisive fall below