Advanced Micro Devices, Inc. (NASDAQ:AMD) Commercial Launching of Radeon Graphics

Advanced Micro Devices, Inc. (NASDAQ:AMD) Commercial Launching of Radeon Graphics

Advanced Micro Devices, Inc. (NASDAQ:AMD) Commercial Launching of Radeon Graphics

  • Advanced Micro Devices (NASDAQ:AMD) announces the commercial launch of its Radeon RX Vega graphics cards at global e-tail outlets.
  • The Radeon RX Vega 64 air-cooled cards retail for $499.
  • Limited edition Radeon Packs also available with the Black Pack containing the Radeon RX Vega 64 for $599 and the Aqua Pack featuring the Radeon RX Vega 64 Liquid Cooled Edition for $699.
  • The Radeon RX Vega 56 graphics cards will launch on August 28 for $399.

Advanced Micro Devices, Inc. is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company’s segments include the Computing and Graphics segment, and the Enterprise, Embedded and Semi-Custom segment. The Computing and Graphics segment primarily includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom SoC products, development services, technology for game consoles and licensing portions of its intellectual property portfolio.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 14.15.

The projected lower bound is: 11.44.

The projected closing price is: 12.80.

ADV MICRO DEVICE closed up 0.530 at 12.760. Volume was 100% below average (consolidating) and Bollinger Bands were 16% narrower than normal.

Open      High      Low      Close      Volume
12.580      12.845      12.580      12.760      31,680

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period      50-period      200-period
Close:      12.99      13.14      11.83
Volatility:      51      66      79
Volume:      54,385,360      87,428,176      68,052,928

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ADV MICRO DEVICE gapped up today (bullish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
ADV MICRO DEVICE is currently 7.8% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of AMD.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AMD.O and have had this outlook for the last 8 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 25.7261. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 44.73. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 35 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -77. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 11 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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