Market Overview

Is AMD A Top Idea For 2019? This Chart Is Saying 'Wait Before You Buy'

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Summary:

  • Advanced Micro Devices, Inc. (NASDAQ: AMD) traded 3 percent higher on Tuesday morning, after a financial analyst identified it as one of the top investment ideas for next year.
  • This might be correct however based on its market cycles, we believe that patience will pay off in building a position.
  • The stock pulled back to trade about 1 percent higher in the early afternoon.

Advanced Micro Devices Stock Weekly Chart

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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