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After Yesterday's Decline of 3.12%, Adv Micro Device Offers Investors Better Value

By James Quinn

Adv Micro Device (NASDAQ:AMD) traded in a range yesterday that spanned from a low of $37.15 to a high of $37.98. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $38.44 on volume of 10.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Adv Micro Device has traded in a range of $16.03 to $41.79 and is now at $37.52, 134% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Adv Micro Device and will alert subscribers who have AMD in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders adv micro device

Ticker(s): AMD