What Advanced Micro Devices Inc. (NASDAQ:AMD)’s current run suggests

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Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are currently poised at 9.35% from the open today and are trading at $12.75. More than 158,421,513 shares have exchanged hands compared to an average trading volume of 70.46M. At the current pps, the market cap stands at $11.97B. The stock prices of Advanced Micro Devices, Inc. (NASDAQ:AMD) are currently trading at -18.01% below its 52 week high and 249.32% above its 52 week low.

Advanced Micro Devices, Inc. (NASDAQ:AMD) has been in the news for all the right reasons. Recently, Advanced Micro Devices, Inc. (NASDAQ:AMD) announced the Radeon(TM) Vega Frontier Edition, its first graphics card based on the high-end Radeon Vega architecture and as a premier solution for both machine learning and advanced visualization. With 64 compute units (4096 stream processors), Radeon Vega Frontier Edition delivers an estimated 25 TFLOPS of FP16 and an estimated 13 TFLOPS of FP32 peak performance and is designed to handle the most demanding design, rendering, and machine intelligence workloads. Radeon Vega Frontier Edition will be available for purchase in Q2 2017.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is all set to announce its earnings on May 01/a. As per Zack’s analyst ratings, Advanced Micro Devices, Inc. (NASDAQ:AMD) currently has an average brokerage rating of 2.1. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:AMD) is $13.083 with a high of $17.5 and a low of $7.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 8% Buy with a Weakest short term outlook on maintaining the current direction. Longer term, the trend strength is Minimum.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 11.52 and 12.39 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term.

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 55.89 suggesting a bullish price action.

As such, while we believe Advanced Micro Devices, Inc. (NASDAQ:AMD) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Today’s world-class companies share three essential characteristics. First, they deliver innovative products and technologies that customers want. Second, they have established a proven track record of fast, efficient manufacturing execution. And third, they have a bold vision of where to take their business, and often their industry. Over the course of AMD’s three decades in business, silicon and software have become the steel and plastic of the worldwide digital economy. Technology companies have become global pacesetters, making technical advances at a prodigious rate always driving the industry to deliver more and more, faster and faster. AMD’s dedication to customer-centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business, through an ever-broadening product portfolio.

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