Advanced Micro Devices

New Price Targets as Advanced Micro Devices Sprints Higher

In this daily bar chart of AMD, below, we can see that prices broke out on the upside last week from a large ascending triangle formation.

Prices gapped higher and trading volume surged telling us that the rally was well supported.

Bottom line strategy: Traders who are long AMD should raise sell stop protect to a close below $64 now.

Firms should be using their high stock price to grab other businesses to expand, so they're ready when things return to normal.

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