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TMCNet:  Advanced Micro Devices Set to Possibly Rebound After Yesterday's Selloff of 2.77%

[February 26, 2013]

Advanced Micro Devices Set to Possibly Rebound After Yesterday's Selloff of 2.77%

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.

Over the past year, Advanced Micro Devices has traded in a range of $1.81 to $8.35 and is now at $2.46, 36% above that low. 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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