[June 17, 2013] After Yesterday's Rally of 2.79% Shares Could Potentially Pullback 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. Over the past year, Advanced Micro Devices has traded in a range of $1.81 to $6.09 and is now at $4.05, 124% above that low. The 200-day and 50-day moving averages have moved 0.03% lower and 4.76% higher over the past week, respectively. 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. 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 ]