Wednesday, September 13, 2006

Chart: AMD

My interest was piqued in AMD after reading this commentary from Tickersense. Upgrades from Lehman seem to correspond with uptrends in the stock, while holds accompany downtrends.

Here is the daily chart. A good entry point will be a test of new support at $26. Note the increased volume in the stock, which indicates accumulation. The fact that stochastics are making higher lows is a sign of strength.

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