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April 21, 2021, 12:50 p.m. EDT

When Advanced Micro Devices Inc. C $AMD Moves Investors should Listen

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Apr 21, 2021 (Stock Traders Daily via COMTEX) -- How do we know what is going on behind the scenes of a company? According to Stock Traders Daily, a 20-year industry innovator, the best way to do this to to watch the price action in the stock. The Advanced Micro Devices Inc. C /zigman2/quotes/208144392/composite AMD +2.05% report below is a real world example. Included are trading plans for AMD, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

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.

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

The technical summary data is suggesting a short of AMD as it gets near 82.85, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 83.09. 82.85 is the first level of resistance above 81.34, and by rule, any test of resistance is a short signal. In this case, if resistance 82.85 is being tested, so a short signal would exist.

COMTEX_384835127/2570/2021-04-21T12:50:21

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 74.59
+1.50 +2.05%
Volume: 38.36M
May 14, 2021 4:00p
P/E Ratio
31.71
Dividend Yield
N/A
Market Cap
$90.63 billion
Rev. per Employee
$774,841
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