Strength Seen in Advanced Micro Devices (AMD): Stock Soars 11.7% - Tale of the Tape
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.
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