Advanced Micro Devices Inc (AMD)

[thedeafinvestor]

AMD's second-quarter earnings results, due out Thursday after the close, things have gotten worse. AMD stock, at $2.05, is down over 53% over the past 12 months. It has broken below a key resistance level of $2.00, falling to a new 52-week low last week of $1.93 a share.

You would have to go all the way back to November of 2013 to find the last time AMD shares traded below $2. This means, the next area of support for the stock is around $1.70 a share, which is 2 cents above its 2008 low of $1.68.

http://www.thestreet.com/story/13217828/1/avoid-advanced-micro-devices-as-long-as-its-tied-to-the-pc.html