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TMCNet:  Advanced Micro Devices (AMD) Approaches New Upside Target of $3.26

[October 11, 2012]

Advanced Micro Devices (AMD) Approaches New Upside Target of $3.26

Oct 11, 2012 (SmarTrend(R) News Watch via COMTEX) -- Advanced Micro Devices (NYSE:AMD) has opened bullishly above the pivot of $3.17 today and has reached the first level of resistance at $3.20. Investors may be interested in a cross of the next upside pivot targets of $3.26 and $3.35.

In the past 52 weeks, Advanced Micro Devices share prices have been bracketed by a low of $3.09 and a high of $8.35 and are now at $3.17, 3% above that low price. The 200-day and 50-day moving averages have moved 0.51% lower and 1.35% lower over the past week, respectively.

Advanced Micro Devices (NYSE:AMD) has potential upside of 79.8% based on a current price of $3.17 and analysts' consensus price target of $5.71. The stock should find initial resistance at its 50-day moving average (MA) of $3.76 and further resistance at its 200-day MA of $5.85.

SmarTrend recommended that its subscribers protect gains by selling shares of Advanced Micro Devices on May 4th, 2012 by issuing a Downtrend alert when the shares were trading at $7.27. Since that call, shares of Advanced Micro Devices have fallen 56.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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