Advanced Micro Devices Stock Forecast: Market appears bored with AMD's Pensando acquisition

Advanced Micro Devices Stock Forecast: A deal with little bounceA nearly $2 billion takeover cannot seem to help AMD advance even 2%

. At the time of writing, shares are treading water up 0.6%. AMD stock advanced to $110 at the open but quickly dropped to $108.50. Subsequently, over the first 40 minutes, AMD shares have seen a steady rash of lower 5-minute candles. It would seem that the market wants to find some dose of support before any advance. The top trend line of the descending price channel that lasted for more than six months, and which AMD stock broke out of on March 16, may act as support near $107.

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