AMD: Be Cautious About it!
$Advanced Micro Devices(AMD)$
It is not that it can lose 20-30% in a month but even when it is going up it can lose 10 dollars per share in 5 to 10 minutes especially on the open. The reasons for this are not clear but some algos look to be profiting from this and perhaps are marketed somewhat based on this...who knows because that is a dark murky world in itself.
The stock has been remarkably faithful to its moving avgs and in particular the 200 day simple moving avg...just take the last 200 days' closing price and add them together and divide by 200. It basically smooths out the rough spots and what do you know ..in the last 2 or 3 years gives us a steady and ordered uptrend. Note how we are getting support exactly there and whereby it was resistance just a few months ago.
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