You called it LloydWCoutee With the markets were pulling back some, AMD started climbing. New HOD as buying pressure is causing some covering.
While AMD is a little range bound here is little tweet as AMD picked the right guy in Raja Koduri when he came over from Apple. AMD’s Raja Koduri Celebrates Vega 10 GPU Development Milestone – Next-Gen, HBM2 Powered Chips For Radeon 2017 Family According to a tweet by Raja Koduri (SVP and Chief Architect of Radeon Technologies Group, AMD has achieved a development milestone for their upcoming Vega 10 GPU series. The tweet by Raja confirms that AMD is on track with the development of their next-generation graphics products which are expected to launch next year in the Radeon family. Read more: http://wccftech.com/amd-vega-10-gpu-milestone/#ixzz4CQ3pMUHD
AMD struggled some but moved back up with and was locked in the 5.19/5.20 bid/ask for quite some time. AH is not that impressive until you look at the volume just under 4 million and that the bigger trades are at the ask. With that and a stay on the Brexit (hopefully) there may be a continuance tomorrow
In an extreme market meltdown AMD is off it's low's as buyers are coming. I think it was down 9% or so earlier. Considering was AMD was still overbought it holding up better than I expected.
With how overbought it was, I'm thinking this was probably actually a decent event for the short/mid-term upside of AMD.
Agreed, this was actually needed to move out of overbought for the next leg up. AMD is getting close to it's bounce point on the RSI chart but it is doubtful it will happen today. I was impressed with the buys and volume in AH yesterday and probably would ran today if was not for the Brexit fallout.
AMD is no longer overbought after today's Brexit fallout with the Nasdaq getting hit the hardest. It is to tell what markets will bring on Monday but AMD is slightly below the RSI bounce point. From the article below could very well be the next catalyst if the 480 has a high rate of sales. Like yesterday there is big volume in AH and currently up a couple cents From AH at the ask AMD RX 480 Hits US Stores, Supply 25x Larger Than GTX 1080 At Launch AMD’s RX 480 is now beginning to hit US stores. In quantities that are allegedly more than 20 times larger than GTX 1080 shipments at launch. We’ve reported a couple of days ago that the supply for AMD’s RX 480 graphics card is “strong” according to several of our industry sources. And that the RX 480 will be in-stock in substantial numbers at launch. Interestingly, yesterday a Microcenter branch in Overland Park Kansas revealed to a customer that they’re receiving a shipment of 100 RX 480 cards on the 28th of June. That’s exactly 25 times as many GTX 1080 cards the same branch had at launch, which was only four. We called the branch & confirmed. We were also told that their stock of GTX 1080 cards is currently limited to one per customer due to limited supply. Read more: http://wccftech.com/amd-rx-480-shipments-hit-us-stores/
This article doesn't tell us any more than we already knew but thought I give you something to chew on over the weekend. I did check out the author and he does work for Geopoliticalmonitor Intelligence Corp as writer and supposedly an analyst. I agree with most of what he writes but to reach $6 in the next few days might be pushing it a little bit. If the sales are strong on the 480 it could push through the Brexit fallout and up above the upper BB. AMD Stock: Is This a Game Changer for Advanced Micro Devices, Inc.? Analysts have appreciated the company’s new product strategy so much that they have set a $6.00 target for AMD stock. That target might be too low, though, since it’s well within reach in the next few days. Indeed, just in the past five business days, AMD stock has increased more than 24%. In the past month, it has almost doubled. Year-to-date, the stock performance stands at 81%. AMD stock could blow through this target far faster than the Street is expecting. (Source: “Advanced Micro: Polaris, Zen Impress, Says Canaccord, Buy the Turnaround,” Barron’s, June 16, 2016.) Read More: http://www.profitconfidential.com/s...-game-changer-for-advanced-micro-devices-inc/
do not believe everything you read .... but IMHO I would read only TTT ... he is the one that never miss a turn and drive beautifully
bravo FastEddy... I see you know how to pick the winners meaning a trader not a stock yes I could say that as well..... with WPX + AMD I will have a nice Xmas.. thanks to TTT
Thanks guys your making me blush It appears AMD is going to try to make a run through the Brexit waters
You may be right HelloIDistance but the pressure is mounting this morning as the Nasdaq is down just 95 points and the semi's are dropping hard with the fallout. Any market upswing and AMD should go back to green.
I went to add to my AUG 19 $6 calls but did not fill. Down one cent in this meltdown, AMD looking good
Nice Chart Gil AMD was running early on when it was just a meltdown, but as the market's, especially the Nasdaq got worse it gave up it's gains and then some. I have said on almost every decent pull back that it not overbought anymore it may be the next leg up. The only difference is that the Brexit aftermath was not present. The big day is the 29th when the RX480 is available. If the sales prove strong then that could very well be the next catalyst to pop back over 5 on the way to 6. or higher..The safe way to play right now is through calls if your not already in it.
