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Adv Micro Device Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Adv Micro Device (NASDAQ:AMD) traded today at a new 52-week high of $34.09. This new high was reached on below average trading volume as 63.8 million shares traded hands, while the average 30-day volume is approximately 111.5 million shares.

In the past 52 weeks, shares of Adv Micro Device have traded between a low of $9.04 and a high of $34.09 and are now at $33.85, which is 274% above that low price. The 200-day and 50-day moving averages have moved 2.10% higher and 4.78% higher over the past week, respectively.

Adv Micro Device (NASDAQ:AMD) defies analysts with a current price ($33.85) 58.0% above its average consensus price target of $14.21. The stock should find initial support at its 50-day moving average (MA) of $20.49 and further support at its 200-day MA of $14.14.

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.

SmarTrend recommended that subscribers consider buying shares of Adv Micro Device on July 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.51. Since that recommendation, shares of Adv Micro Device have risen 95.2%. 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