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Adv Micro Device (AMD) Crosses Pivot Point Resistance at $16.06

By Shiri Gupta

Shares of Adv Micro Device (NASDAQ:AMD) opened today above their pivot of $15.74 and have already reached the first level of resistance at $16.06. Should the shares continue to rise, the resistance pivots of $16.26 and $16.78 will be of interest.

Based on a current price of $16.16, Adv Micro Device is currently 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.

Adv Micro Device share prices have moved between a 52-week high of $16.19 and a 52-week low of $9.04 and are now trading 79% above that low price at $16.16 per share. The 200-day and 50-day moving averages have moved 0.41% higher and 3.01% higher over the past week, respectively.

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: pivot alerts adv micro device

Ticker(s): AMD