Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
AMD (AMD)
#1

Another riproaring chip stock, but perhaps some breether is due here:

Static chart (Feb 27 just after open)

And here is the self-updating chart:

AMD Advanced Micro Devices, Inc. daily Stock Chart

Reply

#2

Not sure a price war is really what investors are looking for..

Chip maker Advanced Micro Devices Inc. released details Wednesday on its forthcoming Ryzen chip, including pricing that has the potential to set off a price war with its big rival, Intel Corp. AMD AMD, +8.22%  said the first three chips based on its highly anticipated Zen architecture will be launched March 2 for the desktop PC and gaming market, with the most powerful chip in the lineup priced at half of what Intel INTC, -0.33%   charges for a similarly configured chip. Investors were enthused by the first concrete news of the chip family, with AMD’s shares rallying almost 2%. Chief Executive Lisa Su said at an event Wednesday in San Francisco that AMD had one goal in mind when it was developing the new chips. “We wanted to disrupt the PC market, we wanted to bring innovation, choice and performance to as many people as possible,” she said.

AMD’s Ryzen chips could spark price (or performance) war with Intel - MarketWatch

Reply

#3

Here is an alternative view of AMD, from The Street:

  • Nearest Resistance: N/A
  • Nearest Support: $14
  • Catalyst: Technical Setup
Shares of Advanced Micro Devices (AMD) are enjoying a 5.9% rally this afternoon, boosted by a bullish technical setup that's been propelling shares higher since the start of 2016. Now, AMD is starting the week with a breakout through a minor resistance level at $14, a price move that clears the way for more upside in the weeks ahead. AMD's rally may seem extended at this point, but the technicals indicate that there's still time to buy for investors who want to ride this stock's momentum. If you get into AMD here, consider parking a stop on the other side of the 50-day moving average.

------------

There is certainly an uptrend, and there is also a breakout and the RSI's usefulness as a technical indicator is mostly restricted to non-trending stocks. Still, with the market already stretched and AMD as well, it doesn't seem a good long position from here (now $15+) to us.

Reply

#4

Looks like we had a point, AMD was more likely to fall, the break-out was fake. We suggested a breether was due and a breether it is..

Reply

#5

Trading range held, for now. Which is interesting to see. Earlier today there could well have been a good opportunity to buy at $12.50.

Reply

#6

Goldman is a heavy hitter, it will be interesting to see whether the shares can remain in the uptrend channel

Shares of chip maker Advanced Micro Devices (AMD) are down 67 cents, or almost 5%, at $13.50, in pre-market trading, after Goldman Sachs’s Toshiya Hari started coverage of the stock this morning with a Sell rating, and an $11 price target, writing that the stock already reflects improvement that may happen in the business, and also very bullish results in 2018, which may not happen given the strength of Intel (INTC) and Nvidia (NVDA).

Hari writes that “execution,” including putting out products, managing costs, and fixing the balance sheet, have improved under CEO Lisa Su. However, the current valuation on the stock, based on enterprise value as a multiple of projected sales, is 236% above what the five-year median multiple was, which Hari finds “difficult to justify,” given the stock already reflects “a sharp improvement in AMD’s competitive and financial position.”

Furthermore, Hari expects Intel and Nvidia to fight back later this year if AMD gains any ground “in the form of pricing concessions.” And, even if they don’t, Hari sees risk AMD’s costs go higher as it “rejuvenates its distribution channel.” The stock should underperform the market once the May analyst day presentation is done, predicts Hari.

Hari is modeling total revenue this year of $4.87 billion, and Ebitda of $235 million, and EPS of 3 cents a share. That is actually slightly above consensus for revenue of $4.73 billion, in line with Ebitda of $236 million, and below the average EPS estimate of 8 cents. For 2018, Hari sees revenue of $5.1 billion and $345.8 million in Ebitda, and 17 cents EPS. That compares to Street consensus for $5.209 billion, Ebtida of $423 million, and EPS of 28 cents..

Advanced Micro: Sell! Says Goldman, Stock Prices In All Possible Upside - Tech Trader Daily - Barrons.com

Reply

#7


AMD Stock Could Break Out or Break Down


By Justin Kuepper | September 6, 2017 — 2:26 PM EDT
<div "="">
Advanced Micro Devices, Inc. (AMD) stock has been trading between its 50-day and 200-day moving averages since the beginning of August. With these averages moving closer together, the stock could see a near-term breakout or breakdown from its current levels. The company has seen a lot of early success with the launch of its Ryzen processor, but supply issues and growing competition from NVIDIA Corporation (NVDA​) have kept AMD shares at bay.

Investors have been closely following the launch of the budget-friendly Ryzen processor, which has lived up to the hype at an unbeatable price point. At about half the cost of the closest Intel Corporation (INTC) competitor, the Ryzen processor represents an impressive comeback following the lackluster FX brand and its Bulldozer and Vishera processors. Advanced Micro Devices has also seen early success for its EPYC server MPU among hyperscale players, according to Jefferies analysts. (See also: AMD's Herd of Bullish Investors Grows Only Bigger.)

Technical chart showing the performance of Advanced Micro Devices, Inc. (AMD) stock

From a technical standpoint, the stock rebounded from lower trendline resistance at around $12.00 to its 50-day moving average at $13.14 earlier this week. The relative strength index (RSI) appears neutral at 50.65, but the moving average convergence divergence (MACD) experienced a bullish crossover that could signal upside ahead. The long-term trend remains bullish, but the short-term trend has been mildly bearish.

Traders should watch for a breakout from the 50-day moving average to retest prior reaction highs at around $15.00 or a breakdown from the 200-day moving average and the trendline at around $12.00 to test reaction lows at around $10.00. A bearish crossover of the 50-day moving average below the 200-day moving average could signal the beginning of a long-term downtrend over the coming quarters if a breakout fails to materialize. (For more, see: AMD's Technicals Suggest Stock Could Rise to $18.)




Read more: AMD Stock Could Break Out or Break Down | Investopedia http://www.investopedia.com/news/amd-stock-could-break-out-or-break-down/#ixzz4s7aklx2r 
Follow us: Investopedia on Facebook

Reply

#8

And now, there's a clear line in the sand that could make way to a buy signal in this big chip stock. To figure out how to trade it, we're turning to the charts for a technical look.

Long term, it's worth noting that the uptrend in AMD remains alive and well this winter. Likewise, while many S&P components sold off to 2018 lows during the correction that started last fall, AMD actually managed to put in lows around the $16 level, a price tag that was still higher than shares had traded up until July of last year.

Now, AMD looks like it's carving out an intermediate-term bottom. Specifically, it's forming a double bottom pattern, a bullish reversal setup that looks just like it sounds. We're seeing similar reversals starting to form in many stocks right now, but the thing that makes AMD unique is the relative level that shares are basing here - it's still in a longer-term uptrend, after all.

The $24 level is the price tag to watch right now.

If AMD can muster the strength to catch a bid above $24, the double bottom officially triggers, clearing the way to a re-test of prior highs set back in September.

It's worth noting that AMD is a more volatile stock than most - sizable swings aren't unlikely, and shares could correct down to $17 without invalidating the double bottom in shares. That said, the $17 level looks like an equally important price tag from a risk-management standpoint; if AMD violates $17, then the uptrend is busted, and you don't want to own it anymore.

Meanwhile, AMD's price action looks constructive on multiple timeframes. A breakout above $24 is the signal that buyers are definitively back in control of things.

Reply



Forum Jump:


Users browsing this thread: 1 Guest(s)