Advanced Micro Devices, Inc. ( AMD ) was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.65 to $4.70 in the past one-month time frame.
Over the past 30 days, the company has seen no estimate revision, while its Zacks Consensus Estimate moved lower, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Advanced Micro Devices currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other technology stocks that are also performing well at the current levels include Freescale Semiconductor, Ltd. ( FSL ), Rambus Inc. ( RMBS ) and Rubicon Technology, Inc. ( RBCN ). While Freescale Semiconductor and Rambus sport a Zacks Rank #1 (Strong Buy), Rubicon has the same Zacks Rank as Advanced Micro.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
ADV MICRO DEV (AMD): Free Stock Analysis Report
FREESCALE SEMI (FSL): Free Stock Analysis Report
RUBICON TECHNOL (RBCN): Free Stock Analysis Report
RAMBUS INC (RMBS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research