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TMCNet:  Watch for Advanced Micro Devices to Potentially Rebound After Falling 2.77% Yesterday

[February 26, 2013]

Watch for Advanced Micro Devices to Potentially Rebound After Falling 2.77% Yesterday

Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) -- Advanced Micro Devices (NYSE:AMD) traded in a range yesterday that spanned from a low of $2.44 to a high of $2.55. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $2.52 on volume of 17.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

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 7.2%. We continue to monitor AMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 $2.46, 36% above that low price. The 200-day and 50-day moving averages have moved 1.87% lower and 0.57% higher over the past week, respectively.

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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