Home Markets Stocks Advanced Micro Is Challenging a Trend Line: Chart of the Day

Advanced Micro Is Challenging a Trend Line: Chart of the Day

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June 11, 2021

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Believe it or not, Advanced Micro Devices has been little changed for 10 months. But now the semiconductor stock may be getting ready to move.

This chart shows how AMD is stuck between a falling trend line and its 50-day moving average. Our Moving Average Speed custom script shows how the 50-day SMA only turned positive two weeks ago.

Next, Average True Range has narrowed to its tightest level since …

For more, please click here to view the related idea and chart analysis on TradingView.

Advanced Micro Devices (AMD), daily chart with selected patterns, courtesy of TradingView.

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