SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Advanced Micro Devices (AMD)
SmarTrend identified an Uptrend for Advanced Micro Devices (NYSE: AMD) on March 10, 2010 at $8.84. In approximately 1 week, Advanced Micro Devices has returned 8.3% as of today's recent price of $9.57.
Advanced Micro Devices is currently above its 50-day moving average of $8.38 and above its 200-day moving average of $6.13. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Advanced Micro Devices shares.
Write to Chip Brian at cbrian@tradethetrend.com
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