ADVANCED MICRO DEVICES
(AMD-NYSE):
Technical Viewpoint: From a low
of $19.64 on Mar 1, 2001 prices
rallied, reaching a
high of $26.05
on Mar 8, 2001. A
decline saw prices pull back, reaching a
low of
$21.95 on Mar 21, 2001.
Another rally saw prices penetrate
resistance, closing 3/23/01
at $29.44. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 12, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 22, 2001. A P&F upside
reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! ADVANCED MICRO DEVICES
(AMD-NYSE) @ $29.75 Stop: Use a protective stop of $27.75.
ADVANCED MICRO DEVICES is currently trading @ $29.44 plus $2.99 on Mar 23, 2001. Price Objective:
$41.00. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$41.00
Risk/Reward:
$2.00 VS. $11.25
Risk/Reward Ratio:
5:1
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