Mar 26, 2020 (Stock Traders Daily via COMTEX) -- The Advanced Micro Devices Inc. C /zigman2/quotes/208144392/composite AMD +0.68% update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for AMD, and 1300 other stocks too, updated in real time for our trial subscribers . The data below is a snapshot, but updates are available now.
The Technical Summary and Trading Plans for AMD help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AMD Report.
The technical summary data tells us to buy AMD near 41.67 with an upside target of 47.86. This data also tells us to set a stop loss @ 41.41 to protect against excessive loss in case the stock begins to move against the trade. 41.67 is the first level of support below 44.63 , and by rule, any test of support is a buy signal. In this case, support 41.67 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of AMD as it gets near 47.86 with a downside target of 41.67. We should have a stop loss in place at 48.12 though. 47.86 is the first level of resistance above 44.63, and by rule, any test of resistance is a short signal. In this case, if resistance 47.86 is being tested, so a short signal would exist.