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Blue Chip Daily Chart of the Week

8/29/21
Blue Chip Daily Chart of the Week:
Advanced Micro Devices, AMD
Close: 111.40
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,

Larry Tentarelli
Publisher
Disclaimer – Blue Chip Daily Trend Report


6/29/21 AMD CHART OF THE DAY POST

 

 

 

 

 

 

 

 

 

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