Advanced Micro Devices, Inc. (NASDAQ:AMD) Rallies To Compete

Advanced Micro Devices, Inc. (NASDAQ:AMD) Rallies To Compete

Advanced Micro Devices, Inc. (NASDAQ:AMD) Rallies To Compete

  • Advanced Micro Devices Continues To Rally
  • Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD) have had a bitter rivalry for decades now though its intensity had waned in recent years as AMD became dysfunctional, uncompetitive, and nearly insolvent.
  • However, with AMD’s comeback underway, it appears as if we’re in the midst of a trend reversal for the company. AMD isn’t just back, it is resurgent, and this is very bad news for Intel. Intel is now facing competition from its rival on all fronts: server CPU, low-end desktop CPU, and high-end CPU. Most of this competition from AMD will challenge Intel’s core money makers.

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: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 14.23.

The projected lower bound is: 10.48.

The projected closing price is: 12.35.

ADV MICRO DEVICE closed up 0.350 at 12.380. Volume was 110% above average (neutral) and Bollinger Bands were 40% narrower than normal.

Open        High        Low         Close        Volume
12.420     12.960     12.235     12.380     151,005,888

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

Moving Averages: 10-period         50-period        200-period
Close:                       11.27                 12.19                 10.32
Volatility:                45                      99                     79
Volume:                   61,005,792     65,743,944     57,586,148

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 is currently 19.9% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into AMD.O (mildly bullish). Our trend forecasting oscillators are currently bullish on AMD.O and have had this outlook for the last 1 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 79.1792. This is not an overbought or oversold reading. The last signal was a buy 8 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 59.80. 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 buy 19 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 275.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 20 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 buy 16 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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