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TMCNet:  Hot Stock: Advanced Micro Devices, Shares Gain 6.4% (AMD)

[December 03, 2012]

Hot Stock: Advanced Micro Devices, Shares Gain 6.4% (AMD)

Dec 03, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Advanced Micro Devices (NYSE:AMD) is one of today's best performing low-priced stocks, up 6.4% to $2.34 on 1.0x average daily volume. Thus far today, Advanced Micro Devices has traded 32.2 million shares, vs. average volume of 31.4 million shares per day. The stock has outperformed the Dow (6.4% to the Dow's 0.0%) and outperformed the S&P 500 (6.4% to the S&P's 0.0%) during today's trading.

Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis.

In the past 52 weeks, shares of Advanced Micro Devices have traded between a low of $1.81 and a high of $8.35 and are now at $2.34, which is 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has slid 1%.

Potential upside of 23.3% exists for Advanced Micro Devices, based on a current level of $2.34 and analysts' average consensus price target of $2.88. The stock should find initial resistance at its 50-day moving average (MA) of $2.68 and further resistance at its 200-day MA of $5.24.

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 69.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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