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Stocks To Watch: Advanced Micro Devices Sees Relative Strength Rating Jump To 80


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The Relative Strength ( RS ) Rating for Advanced Micro Devices ( AMD ) entered a new percentile Thursday, with a rise from 70 to 80.

[ibd-display-video id=3105496 width=50 float=left autostart=true] IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research reveals that the best stocks typically have an 80 or better RS Rating as they begin their biggest climbs.

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Advanced Micro Devices is working on a double bottom with a 14.51 entry . See if the stock can break out in heavy trade.

Taking a look at revenue and profit performance, Advanced Micro Devices has posted three quarters of increasing earnings growth. Revenue growth has also moved higher over the same time frame.

Advanced Micro Devices earns the No. 9 rank among its peers in the Electronics-Semiconductor Fabless industry group. Nvidia ( NVDA ), Cavium ( CAVM ) and Monolithic Power Systems ( MPWR ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: RS , AMD , NVDA , MPWR



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