AMD has been consolidating for a few months now and has not broken the strong uptrend that has been in place for years now. As long as revenue and earnings growth for the company remain strong, and the overall market remains stable, I see a breakout for AMD in the future.
If AMD can break and close above the 59-60 area, then I see the uptrend continuation to 75 and beyond! Great company, in a high growth industry. Strong buy, unless it breaks the trend line, and starts making new lows.
If AMD can break and close above the 59-60 area, then I see the uptrend continuation to 75 and beyond! Great company, in a high growth industry. Strong buy, unless it breaks the trend line, and starts making new lows.