Wednesday, January 31, 2018 12:00:43 PM
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) jumped higher on earnings Wednesday. This was no surprise as the stock chart dictated a move higher to the master level, gap fill of $14.25. However, once this level is achieved, Advanced Micro Devices becomes a strong short swing trade for a drop back to $12.00, perhaps far lower. Remember, gaps are made to be filled, this obvious one was a no-brainer. With Advanced Micro Devices trading at $13.50, there is still more upside, but limited to the gap fill at $14.25. For those looking to short, be patient for the trade level.
Gareth Soloway
InTheMoneyStocks
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