Articles tagged with AMD

Well, sort of. The Dow Jones U.S. Semiconductors Index ($DJUSSC) closed at another all-time high, but it did not set a new all-time high on an intraday basis, so there's more work to do. But we continue to see individual stock breakouts in this key area of the market and Advanced Micro Devices (AMD) was the latest to do so. After nearly doubling in price during its 3-month torrid run higher from late October to late January, AMD consolidated for awhile as its overbought RSI tumbled from its January high above 80 to a subsequent low beneath 50 on February 21st. During uptrends, RSIs in the 40-50 zone during pullbacks can represent much better reward-to-risk entry points and that's exactly what we saw with AMD:...keep reading

I can look at nearly any stock and come up with a quick reason why I should buy it or short it. But it's much more important to find MULTIPLE reasons to support your position. Advanced Micro Devices (AMD) is a leading stock in the semiconductor space ($DJUSSC) and buying just about any stock in semiconductors has made sense in 2023. Right now, however, I can make several arguments why I might want to sell AMD. There are a couple of obvious reasons to want to sell AMD, but let's first take a look at what the chart's telling us:...keep reading

I always find monthly options expiration week to be one of most amazing experiences of stock market trading. Retail traders unknowingly follow each other down a rat hole during both uptrends (buying calls) and downtrends (buying puts). Then we reach the day of reckoning (options-expiration Friday) when market makers have a TON of potential profit at stake. When traders buy puts during downtrends, it's quite likely that market makers sell those puts and then short the equivalent number of shares to protect against price deterioration....keep reading