jbevans02

Whats will AMD do before earnings

Long
NASDAQ:AMD   Advanced Micro Devices Inc
AMD is due to present earnings at the end of them month. AMD has held over at $16.00 over the last couple of months with the most recent and current rally. AMD seems to trade mostly between $19.30 and $21.30 during that time. The last two days the AMD declined sharply after getting to the $21.30 area. Most other tech stocks have outperformed AMD the last two trading days. Yesterday AMD saw more that average volume most of which came when the sharp rejection happened at the $21.30 area. When AMD does seem to hold back before earnings it likes to gap up. Last quarter's revenues missed the prediction and gave a an outlook of slower revenue for this quarter. Will have to see, but I look for AMD to have a bullish run after earning and I think AMD will make intel's pucker factor increase. AMD's chips are now seen in twice or maybe even three times the computers that you shop for on Amazon and bestbuy compared to August and September and their mobile chips are on the way that I believe to be a complete game changer. I think more and more companies will look to AMD for their chips.

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