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TMCNet:  Look for Shares of Advanced Micro Devices to Potentially Pullback after Yesterday's 5.03% Rise

[November 13, 2012]

Look for Shares of Advanced Micro Devices to Potentially Pullback after Yesterday's 5.03% Rise

Nov 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- Advanced Micro Devices (NYSE:AMD) traded in a range yesterday that spanned from a low of $1.97 to a high of $2.35. Yesterday, the shares gained 5.0%, which took the trading range above the 3-day high of $2.07 on volume of 58.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Advanced Micro Devices share prices have been bracketed by a low of $1.96 and a high of $8.35 and are now at $2.11, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 3.5%.

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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