AMD: Imminent Break Of $50

Despite the market uncertainties, AMD (AMD) remains a strong stock. In late Thursday trading, the sock ran into major resistance at $50.


The chart appears to show a stock ready for a major breakout. My advice as long recommended this period is the last chance to buy AMD below $50. Any dip here is a buying opportunity. More research on Seeking Alpha:

AMD: Work From Home Boost
AMD: Right On Target
AMD: Last Chance Below $50

Update April 10

Intel (INTC) says demand picked up for chips.




Source: No position. Long in Out Fox model. Please review the disclaimer page for more details. 

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