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TMCNet:  Stock to Watch: Advanced Micro Devices Up 10.4% (AMD)

[January 23, 2013]

Stock to Watch: Advanced Micro Devices Up 10.4% (AMD)

Jan 23, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Advanced Micro Devices (NYSE:AMD) is one of today's best performing low-priced stocks, up 10.4% to $2.71 on 1.2x average daily volume. Thus far today, Advanced Micro Devices has traded 26.6 million shares, vs. average volume of 22.6 million shares per day. The stock has outperformed the Dow (10.4% to the Dow's 0.4%) and outperformed the S&P 500 (10.4% to the S&P's -0.1%) 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.

Advanced Micro Devices has overhead space with shares priced $2.71, or 2.4% below the average consensus analyst price target of $2.77. Advanced Micro Devices shares should encounter resistance at the 200-day moving average (MA) of $4.25 and support at the 50-day MA of $2.32.

In the past 52 weeks, Advanced Micro Devices share prices have been bracketed by a low of $1.81 and a high of $8.35 and are now at $2.71, 49% above that low price. The 200-day and 50-day moving averages have moved 1.31% lower and 0.72% 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 3.8%. 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 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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