+ 2.69
+ 1.88%

Is Advanced Micro Devices Stock About To Nosedive? A Look At The Chart

May 17, 2021 12:44 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Is Advanced Micro Devices Stock About To Nosedive? A Look At The Chart

Traders of Advanced Micro Devices, Inc. (NASDAQ:AMD) stock are on alert. They're watching how shares act as they trade close to the $74 level. This level has been clear support four times since August.

Each time shares dropped to $74, buyers stepped in and drove them higher, and AMD has reached that level again.

If the support holds, it could set the stage for another move higher like the last four times. But if the support breaks, there’s a good chance that AMD makes a significant move lower.

See also: How to Buy AMD Stock


For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Related Articles

AMD And Nvidia Lead The Nasdaq Higher Thursday

U.S. indices had a mixed day of trading following Wednesday's Fed announcement. The Fed raised its inflation outlook for 2021 and 13 officials said they see a rate increase in 2023. read more

Where Could Advanced Micro Devices Stock Go After Company Announcement?

Advanced Micro Devices Inc. (NASDAQ: AMD) shares were trading higher Thursday after the chipmaker and Google Cloud announced T2D. T2D is the first in a new family of Tau Virtual Machines powered by a third-generation AMD EPYC processor. read more

Nvidia, eBay Lead The Nasdaq Higher Friday

U.S. indices continued trading higher following better-than-expected U.S. jobless numbers Thursday as well as reports that President Joe Biden will propose a $6-trillion federal budget. read more

Here's Why AMD Stock Is Moving Today

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares were trading higher Friday morning after Benchmark assumed coverage on the stock with a Buy rating and announced a $100 price target. read more