Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
AMD's stock returned higher after trying to collect profits, and trying to vent off overbought saturation in the RSI, amid support from the 50-day SMA, with the stock buoyed by piercing the downward trend line, marking a profit of 3.67%, or 3.51 points, settling at 99.05.
Therefore we expect more gains for the stock, targeting the first resistance at 109.40, provided the support of 91.60 holds on.
Expected trend for today: Bullish