Advanced Micro Devices Inc (AMD)

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SmarTrend Watching For Potential Rebound In Shares Of Adv Micro Device After 4.34% Loss
Comtex SmarTrend(R) - Fri Sep 28, 11:44AM CDT
Adv Micro Device (NASDAQ:AMD) traded in a range yesterday that spanned from a low of $29.98 to a high of $32.78. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $31.39 on volume of 112.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Adv Micro Device on July 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.51. Since that recommendation, shares of Adv Micro Device have risen 97.5%. We continue to monitor AMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Adv Micro Device share prices have moved between a 52-week high of $34.14 and a 52-week low of $9.04 and are now trading 243% above that low price at $31.00 per share. Over the past week, the 200-day moving average (MA) has gone up 3.0% while the 50-day MA has advanced 5.6%.

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