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Advanced Micro Devices (AMD) Approaches New Upside Target of $2.51
[January 02, 2013]

Advanced Micro Devices (AMD) Approaches New Upside Target of $2.51

Jan 02, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Advanced Micro Devices (NYSE:AMD) opened today above their pivot of $2.37 and have already reached the first level of resistance at $2.45. Analysts will be watching for a cross of the next upside pivot targets of $2.51 and $2.65.

In the past 52 weeks, shares of Advanced Micro Devices have traded between a low of $1.81 and a high of $8.35 and are now at $2.52, which is 39% above that low price. The 200-day and 50-day moving averages have moved 2.23% lower and 1.67% lower over the past week, respectively.

There is potential upside of 8.7% for shares of Advanced Micro Devices based on a current price of $2.52 and an average consensus analyst price target of $2.74. The stock should find resistance at its 200-day moving average (MA) of $4.64, as well as support at its 50-day MA of $2.20.


SmarTrend is tracking the current trend status for Advanced Micro Devices and will alert subscribers who have AMD in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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