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.

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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Asia-Pacific Stocks Mixed; Mainland China Markets ClosedMarkets in mainland China are closed on Monday and Tuesday this week for holidays.
Источник: NBCDFW - 🏆 288. / 63 Прочитайте больше »

China’s regulator cracks down on using feng shui to predict stock market trendChina’s securities regulator launched a crackdown on brokerages using feng shui to predict stock market trends in their research notes or investment advisory... there's nothing wrong with this investment strategies, rly annoying to see that securities regulator are salty af like that ppl use whatever they want to predict market trends, if it works for them then good! Don’t say shui! I thought that was a furniture, where your house is situated thing?
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »