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Next Resistance Level for Advanced Micro Devices (AMD) is $2.51
[December 18, 2012]

Next Resistance Level for Advanced Micro Devices (AMD) is $2.51

Dec 18, 2012 (SmarTrend(R) News Watch via COMTEX) -- Advanced Micro Devices (NYSE:AMD) has opened bullishly above the pivot of $2.44 today and has reached the first level of resistance at $2.48. Investors may be interested in a cross of the next upside pivot targets of $2.51 and $2.58.

Advanced Micro Devices share prices have moved between a 52-week high of $8.35 and a 52-week low of $1.81 and are now trading 38% above that low price at $2.50 per share. Over the past week, the 200-day moving average (MA) has gone down 2.5% while the 50-day MA has declined 4%.

Advanced Micro Devices (NYSE:AMD) has potential upside of 9.6% based on a current price of $2.50 and analysts' consensus price target of $2.74. Advanced Micro Devices shares should encounter resistance at the 200-day moving average (MA) of $4.88 and support at the 50-day MA of $2.32.

SmarTrend recommended that subscribers consider buying shares of Advanced Micro Devices on December 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.36. Since that recommendation, shares of Advanced Micro Devices have risen 4.2%. We continue to monitor AMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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