Advanced Micro Devices Inc (AMD)

[mas]

The stock has already found support at its 50 week moving average of 3.56 (see 2nd chart in intro box) so your 'realistic target' of $2.80-$3.30 may be too pessimistic unless earnings/guidance continue to disappoint. Of course there is a wall of dropping resistance above the stock too so expecting even a move over 4 maybe ambitious too. Ultimately the direction of travel all depends on whether the 50-200 DMA at 3.76-3.77 can be broken down, that is the crucial battle that lies ahead for this stock.