Besides having an excellent technical rating, AMD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
AMD is one of the better performing stocks in the semiconductor industry industry, it outperforms 92% of 41 stocks in the same industry.
We notice that large players showed an interest for AMD in the last couple of days, which is a good sign.
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