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Consider Advanced Micro Devices: Five Year Uptrend May Be Over

Published 04/07/2021, 12:04 AM
Updated 07/09/2023, 06:31 AM

Here's a bold short idea I feel compelled to leave up as a header post, so allow me to offer Advanced Micro Devices (NASDAQ:AMD). Here we see the exponential moving averages beginning to roll over for the first time in a long while:

AMD Chart

A very long-range view of the same trio of moving averages gives you a sense as to how this stock, over the long haul, is definitely prone to “rolling over” into long bear markets.

AMD Chart

Of special note is that fact that for the first time in five years AMD is starting to damage its uptrend.

AMD Chart

Latest comments

Maybe time to not just do plain stewpid chart analytics, but also taking into consideration that we are in the middle of an acquisition process of 35bn.
may be time for the CEO to go
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