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Adv Micro Device (AMD) Approaches New Upside Target of $16.78

By David Diaz

Shares of Adv Micro Device (NASDAQ:AMD) opened today above their pivot of $16.27 and have already reached the first level of resistance at $16.53. Investors may be interested in a cross of the next upside pivot targets of $16.78 and $17.29.

Based on a current price of $16.52, Adv Micro Device is currently 14.0% above its average consensus analyst price target of $14.21. The stock should discover initial support at its 50-day moving average (MA) of $14.27 and subsequent support at its 200-day MA of $12.24.

Adv Micro Device share prices have moved between a 52-week high of $17.34 and a 52-week low of $9.04 and are now trading 83% above that low price at $16.52 per share. The 200-day and 50-day moving averages have moved 0.37% higher and 2.35% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Adv Micro Device. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Adv Micro Device in search of a potential trend change.

Keywords: pivot alerts adv micro device

Ticker(s): AMD