[June 17, 2013] Look for Shares of Advanced Micro Devices to Potentially Pullback after Yesterday's 2.79% Rise Tweet Jun 17, 2013 (SmarTrend(R) News Watch via COMTEX) -- Advanced Micro Devices (NYSE:AMD) traded in a range yesterday that spanned from a low of $4.02 to a high of $4.14. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $4.04 on volume of 31.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. 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 66.9%. We continue to monitor AMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. In the past 52 weeks, shares of Advanced Micro Devices have traded between a low of $1.81 and a high of $6.09 and are now at $4.05, which is 124% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 4.8%. 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 ]