[May 20, 2013] Next Resistance Level for Advanced Micro Devices (AMD) is $4.22 Tweet May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Advanced Micro Devices (NYSE:AMD) opened today above their pivot of $4.02 and have already reached the first level of resistance at $4.15. Analysts will be watching for a cross of the next upside pivot targets of $4.22 and $4.42. Advanced Micro Devices (NYSE:AMD) defies analysts with a current price ($4.18) 29.7% above its average consensus price target of $2.94. The stock should discover initial support at its 50-day moving average (MA) of $2.88 and subsequent support at its 200-day MA of $2.87. In the past 52 weeks, Advanced Micro Devices share prices have been bracketed by a low of $1.81 and a high of $6.46 and are now at $4.18, 131% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 6.3% while the 200-day MA has remained constant. 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 72.5%. 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 [email protected] --------------------------------------------------------------------------------------------- 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 [ Back To TMCnet.com's Homepage ]