Blue Chip Daily Chart of the Week:
Advanced Micro Devices, AMD
Trend following stop level: 94.60
please see chart analysis below
- Advanced Micro Devices, AMD, is one of our top technical ideas going into the week and is on this week’s Members Top 25 list.
- AMD is in a longer-term uptrend over 4 rising moving averages and made a new record weekly closing high on Friday.
- AMD recently broke out to new record highs, then pulled back 16.7%, but over the key $100 breakout and support level.
- AMD traded in a very wide base since last September, and finally broke out in late July.
- AMD was our posted Chart of the Day for Members also, on 6/29/21 and is +27.93% since then.
- Disclosure: I am long AMD stock.
- To see this week’s Top 25 stocks list, with our best ideas across all S&P 500 sectors, please join here: https://bluechipdaily.com/join-blue-chip-daily/
Have a great week,
Disclaimer – Blue Chip Daily Trend Report
6/29/21 AMD CHART OF THE DAY POST