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Adv Micro Device: 52-Week High Recently Eclipsed (AMD)

By Shiri Gupta

Adv Micro Device (NASDAQ:AMD) traded at a new 52-week high today of $16.19. This new high was reached on below average trading volume as 23.5 million shares traded hands, while the average 30-day volume is approximately 54.4 million shares.

Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis.

Adv Micro Device (NASDAQ:AMD) is currently priced 12.1% above its average consensus analyst price target of $14.21. Adv Micro Device shares have support at the 50-day moving average (MA) of $11.95 and additional support at the 200-day MA of $11.92.

Over the past year, Adv Micro Device has traded in a range of $9.04 to $16.19 and is now at $16.16, 79% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.0% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Adv Micro Device on April 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.90. Since that recommendation, shares of Adv Micro Device have risen 45.4%. We continue to monitor AMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows adv micro device

Ticker(s): AMD