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TMCNet:  Advanced Micro Devices (AMD) Crosses Pivot Point Support at $2.63

[April 26, 2013]

Advanced Micro Devices (AMD) Crosses Pivot Point Support at $2.63

Apr 26, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Advanced Micro Devices (NYSE:AMD) opened today below their pivot of $2.68 and have already reached the first level of support at $2.63. Analysts will be watching for a cross of the next downside pivot targets of $2.59 and $2.50.

Advanced Micro Devices has overhead space with shares priced $2.61, or 9.6% below the average consensus analyst price target of $2.89. The stock should hit resistance at its 200-day moving average (MA) of $2.96, as well as support at its 50-day MA of $2.55.

Over the past year, Advanced Micro Devices has traded in a range of $1.81 to $7.72 and is now at $2.61, 44% above that low. The 200-day and 50-day moving averages have moved 1.67% lower and 0.18% lower 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 13.6%. 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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