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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCDFW - 🏆 288. / 63 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »