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AMD Up On Earnings: Here's My Short Price

Published 01/31/2018, 01:04 PM

Shares of Advanced Micro Devices (NASDAQ:AMD) jumped higher on earnings Wednesday, which was no surprise as the stock's chart indicated a move higher to the master level, gap fill of $14.25. However, once this level is achieved, AMD becomes a strong short swing trade for a drop back to $12, perhaps far lower. Remember, gaps are made to be filled and this one was a no-brainer. With Advanced Micro Devices trading at $13.50, there is still more upside, but limited to the gap fill at $14.25. For those looking to short, be patient for the trade level.

Advanced Micro Devices

Latest comments

Nice company but there's a litell issue . The company should improve the advertising department and the support department and I will bet on it . 500 500 beer share .
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