Can AMD Go on a Rally Like Nvidia and Hit All-Time Highs?

TheStreet2021-06-30

AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months? First it was Nvidia that enjoyed the big gains. It it now Advanced ...

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Comments

LuckyLucky
2021-06-30
LuckyLucky
Like
Ramakrishnan
2021-06-30
Ramakrishnan
Possible for AMD to go high
gabs
2021-06-30
gabs
Theres always a possibility! Like please!
Qlee10
2021-06-30
Qlee10
like for like
babyshark
2021-06-30
babyshark
Go AMD!
- Kenneth89:
  ??
loychng
2021-06-30
loychng
Yes

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Can it go on a run like Nvidia has over the last few months?\nFirst it was Nvidia that enjoyed the big gains. It it now Advanced ...</p>\n\n<a href=\"https://www.thestreet.com/investing/advanced-micro-devices-amd-stock-nvda-record-highs\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMD","symbol_name":"美国超微公司","start_time":0,"source_url":"https://www.thestreet.com/investing/advanced-micro-devices-amd-stock-nvda-record-highs","article_id":"1140918239","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140918239","pubTimestamp":1625036743,"sourceInfo":null,"weMediaInfo":null,"summary":"AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvid","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMD":"美国超微公司"},"translate_title":"AMD能像英伟达一样反弹并创下历史新高吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMD":0.9},"content_text":"AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months?\nFirst it was Nvidia that enjoyed the big gains. It it now Advanced Micro Devices’ turn?\nShares have risen 2.8% on Tuesday as the stock ishitting its highest levels since February.\nThe stock was flirting with a move over range resistance on Monday, but is really pushing higher on Tuesday. The rally comes on positive reports regarding U.K. regulators and AMD’s acquisition of Xilinx.\nFor its part, Xilinx shares are also hitting the highest levels since February.\nNvidia and the VanEck Semiconductor ETF both hit new highs this week. With AMD stock continuing to consolidate and now making progresson its $35 billion acquisition, can it too break out to new highs?\nLet’s look at the chart.\nTrading AMD\nWeekly chart of AMD stock.\nIn July 2020, AMD stock exploded over $60 resistance, quickly climbing to a high of $87.29 in just a couple of weeks.\nAfter that, the stock settled down, bouncing between $74 and $88. Eventually, AMD broke out to a new range, with $88 acting assupportinstead of resistance, and the $94 to $96 area acting as resistance.\nInterestingly, support eventually gave way and AMD fell back into prior trading range.\nAs I mentioned in the opening part of the story, AMD is breaking out over $87 to $88 range resistance again as the stock is pushing to multi-month highs. It’s also pushing through the 61.8% retracement.\nFrom here, bulls are looking for the $87 to $88 area to again turn from resistance into support. If that happens, the $94 to $96 area is certainly within reach.\nIf AMD can push through that zone, look for a test of the all-time high at $99.13 and then $100 above that.\nShould shares really get moving - like Nvidia did - then the $115 level could be in play near the 161.8% extension.\nOn the downside, a move back below $87 needs to be met by support from the 50-day moving average. Otherwise, $80 could be on the table.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":153777574,"gmtCreate":1625054851398,"gmtModify":1703734947407,"author":{"id":"4087558306753550","authorId":"4087558306753550","name":"LuckyLucky","avatar":"https://static.tigerbbs.com/7f6923176f885b4cc7c0299b6e1ec22e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153777574","repostId":1140918239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153469647,"gmtCreate":1625043096489,"gmtModify":1703850759622,"author":{"id":"3585196029867455","authorId":"3585196029867455","name":"Ramakrishnan","avatar":"https://static.tigerbbs.com/480d89dabaa50c34fa4aa36349c0835e","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Possible for AMD to go high","listText":"Possible for AMD to go high","text":"Possible for AMD to go high","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153469647","repostId":1140918239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153413473,"gmtCreate":1625041985992,"gmtModify":1703850735043,"author":{"id":"4088058025923760","authorId":"4088058025923760","name":"gabs","avatar":"https://static.tigerbbs.com/3f5d39358a710227881b326f76d031b8","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Theres always a possibility! Like please!&nbsp;","listText":"Theres always a possibility! Like please!&nbsp;","text":"Theres always a possibility! Like please!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153413473","repostId":1140918239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153434460,"gmtCreate":1625041754550,"gmtModify":1703850730473,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"like for like&nbsp;","listText":"like for like&nbsp;","text":"like for like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153434460","repostId":1140918239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153540110,"gmtCreate":1625038319330,"gmtModify":1703850661100,"author":{"id":"3572656728096523","authorId":"3572656728096523","name":"babyshark","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Go AMD!","listText":"Go AMD!","text":"Go AMD!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153540110","repostId":1140918239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5078481,"gmtCreate":1625039094705,"gmtModify":1663230324226,"authorId":3579347940095819,"author":{"id":3579347940095819,"authorId":3579347940095819,"name":"Kenneth89","avatar":"https://static.tigerbbs.com/cdbee74a6df37f7bcbf4f9f558a0eaf3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153540110,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"},{"id":153555572,"gmtCreate":1625038140696,"gmtModify":1703850657675,"author":{"id":"3586055114434039","authorId":"3586055114434039","name":"loychng","avatar":"https://static.tigerbbs.com/eb649759892edacaa4759c163304f09d","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153555572","repostId":1140918239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":56,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1140918239"}