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Advancedmicrodevices

Advanced Micro Devices (AMD) Technical Analysis - GO LONG Info: The AMD Ryzen and the Intel Core CPUs offer similar performance, the former being better at multi-tasking while the latter are faster when it comes to single-core tasks. However, Ryzen CPUs tend to offer better value for your money. Technical Analysis - The idea is to go long following the major bullish trend. Fundamental Analysis - Good News as per below info - Go long. Advanced Micro Devices (AMD) AMD’s processors have become a mainstay in the PC market and its expansion into gaming and data centers provides ample room for growth. The company competes alongside the likes of Nvidia and its CPUs are outshining rival and industry titan Intel (INTC - Free Report) . For instance, the announcement of its new 7nm Ryzen desktop processors on July 21 helped send its stock to new highs, only a week before it posted strong second quarter results. AMD’s quarterly sales surged 26% and it raised its guidance, which is no easy task at the moment. The firm is also set to benefit from the holiday 2020 launches of the and next-generation Xbox and PlayStation and its cloud-focused chips are being used by Microsoft (MSFT - Free Report) and others. And the good news kept coming, when AMD announced on August 4 the “availability of new AMD Radeon Pro 5000 series GPUs for the updated 27-inch iMac.” Looking ahead, our Zacks estimates call for AMD’s fiscal 2020 sales to surge 32%, to easily top FY19’s 4% jump, as well as FY18’s 23% and FY17’s 22%. AMD’s FY21 revenue is then expected to jump another 20% higher. Meanwhile, its adjusted earnings are projected to soar 72% this year and 46% next year. AMD is a Zacks Rank #3 (Hold) at the moment, with its bottom-line estimates up big since its report. The chip firm’s shares have soared 50% since July 21 and they climbed to new highs once again Thursday—all part of an epic five-year run that still appears to have legs.
NASDAQ:AMDLong
by Mauriello
6
I'm Looking For a Short On AMD Around $90I have kept my eye on lookout for a spot to short AMD. Price has been playing this rising wedge perfectly. We were looking to short it not too long ago if it would of broke through the support. Instead it surged to return to the top of the wedges resistance. We are now approaching the $90 level. I am interested in taking a short position their based off the pattern recognition. This will be an aggressive play. If were to break the top of resistance I will look to exit. First we need to see if we will get to $90. I stand firm on that price target. Best of luck!
Editors' picks
NASDAQ:AMD
by UnknownUnicorn2319099
32
AMD: Bullish Cup and Handle Formation 4H (Apr. 23)X FORCE GLOBAL ANALYSIS: AMD (Advanced Micro Devices) has shown incredible bullish momentum over the past year. In this analysis, we take a purely technical approach, exploring the bullish evidence for a further breakout. Technical Analysis - We have spotted a traditional reverse head and shoulders pattern on the 4H chart - This pattern has been supported by a parabolic trend line support - We have seen a small correction after the formation of the right shoulder, which could be interpreted as the handle pattern - Despite the correction, the Relative Strength Index (RSI) continues in an uptrend, creating higher lows and higher highs - The Moving Average Convergence Divergence (MACD) also shows a clear uptrend, with a potential golden cross What We Believe Though not stated in this analysis, we believe that AMD is a stock with strong fundamentals, and a lot of bullish potential based on short term technicals as well. Trade Safe.
NASDAQ:AMDLong
by XForceGlobal
1
AMD? Sp500? Nasdaq?I see the fundamentals but I dont see how these prices can be sustainable technically, by the chart its either bulls pushing the limits, or large/more buyers getting in; both making the correction (if any) all that more severe. Looking at past of AMD the M chart doesn't seem to reassure. By the chart its positioned to correct due to being seemingly over extended, especially considering the correlation to SPX500. However, both have shown resilience over the recent past. I am trying hard to resist the temptation to jump on the wagon here, as 54 still offers upside fundamentally. Either it: 1. Continues and maintains these levels a) Large investment holds withstanding selling pressure. b) New buys cash out sellers. c) Renewed buying pressure from old buyers/ FOMO 2. Follow through of weak points a) Temporary buying pressure subsides/ sell-off b) Change in investor perception/ limit reached. However, I imagine if money remains on the table these levels could be held artificially, all that considered its difficult for me to see past the technical with this one at the moment and I will try hard to resist the temptation to get in. W: M:
NASDAQ:AMD
by mostpro1
3