AMD (AMD) Offering Possible 28.53% Return Over the Next 30 Calendar Days

AMD's most recent trend suggests a bearish bias. One trading opportunity on AMD is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 28.53% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock rose above the $82.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for AMD is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for AMD is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for AMD

NVIDIA Has Just Made a Terrific Move to Boost Its Gaming Business
Tue, 18 May 2021 10:15:00 +0000
The graphics specialist is going all out to stamp the authority of its RTX 30 series cards in the video game hardware market.

AMD to Keynote J.P. Morgan’s 49th Annual Global Technology, Media and Communications Conference
Mon, 17 May 2021 13:00:00 +0000
SANTA CLARA, Calif., May 17, 2021 (GLOBE NEWSWIRE) — Today, AMD (NASDAQ: AMD) announced that Dr. Lisa Su, president and CEO, will provide a keynote presentation at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on Monday, May 24, 2021 at 8:45 AM ET/5:45 AM PT. A real-time video webcast of the presentation can be accessed on AMD’s Investor Relations website ir.amd.com. A replay of the webcast can be accessed within four hours after the conclusion of the live event and will be available for one year after the conference. About AMD For more than 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies – the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages. AMD, the AMD Arrow logo and the combination thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners. Media Contact:Drew Prairie AMD Communications 512-602-4425 drew.prairie@amd.com Investor Contact:Laura GravesAMD Investor Relations408-306-9157Laura.Graves@amd.com

AMD plans to buy $1.6 billion in silicon wafers from GlobalFoundries
Thu, 13 May 2021 21:55:00 +0000
Advanced Micro Devices Inc. said late Thursday it plans to buy about $1.6 billion in silicon wafers from GlobalFoundries Inc. over the next few years.

4 Top Stock Trades for Friday: TSLA, AMD, GOOS, SONO
Thu, 13 May 2021 21:30:15 +0000
After falling in three-straight sessions despite new all-time highs on Monday, equities found their footing and rallied on Thursday. Will the momentum last into the weekend or is it just a dead-cat bounce? With all of that in mind, let’s look at some top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Tesla (TSLA) Click to EnlargeSource: Chart courtesy of TrendSpider Tesla (NASDAQ:TSLA) has been stalling lately, working on its fourth-straight daily decline and its eighth decline in the past nine trading sessions. CEO Elon Musk’s comments toward Bitcoin (CCC:BTC-USD) don’t seem to be helping either. In any regard, shares are breaking below this week’s low, as well as the 200-day moving average.InvestorPlace – Stock Market News, Stock Advice & Trading Tips This would be a natural spot for bulls to push for a reversal and given the bounce we’re seeing from the lows, it’s clear that’s what they’re trying to do. If they can, look for Tesla to reclaim the 200-day moving average. Confirmation would come on a daily-up reversal over Thursday’s high. 7 Great Growth Stocks to Consider for Your Short List If they can’t trigger a reversal, Tesla may need to go lower. In that case, let’s see if we get a test of the March lows near $539 and a test of the 50-week moving average. If that doesn’t provide a bounce, the $500 breakout area may be in play. Top Stock Trades for Tomorrow No. 2: AMD (AMD) Click to EnlargeSource: Chart courtesy of TrendSpider Advanced Micro Devices (NASDAQ:AMD) continues to do well from a business standpoint, but unfortunately, nobody really cares about that right now. AMD is considered a growth stock, and growth stocks are getting slammed. Shares are testing into — and are actually breaking below — range support near $74. I would love to see the stock hold this mark by the end of the week. If it doesn’t, it runs the risk of becoming resistance. A notable move lower could put the 21-week moving average in play. On a rebound back over $74, look for AMD stock to test into the 10-week moving average, then challenge $80. Above all of these marks puts $87 on the table. Top Stock Trades for Tomorrow No. 3: Canada Goose (GOOS) Click to EnlargeSource: Chart courtesy of TrendSpider Canada Goose (NYSE:GOOS) is getting hit hard on Thursday, down almost 9% after reporting earnings. The stock has faded below a number of key moving averages and knifed right through its 21-week moving average on the day. However, it’s finding buyers at the April lows. If this area ends up holding, I want to see GOOS stock reclaim its 21-week moving average. If it can do that, buyers can consider a long position against the post-earnings low. Back above $40 and its 10-week and 50-day moving averages are some reasonable upside targets. 7 Safe Stocks to Buy as Janet Yellen Talks Rate Hikes However, if Canada Goose fails to hold the April low and pushes lower, the gap-fill near $36 and the 200-day moving average may be in the cards. Stay nimble and remain open-minded here. Top Trades for Tomorrow No. 4: Sonos (SONO) Click to EnlargeSource: Chart courtesy of TrendSpider Sonos (NASDAQ:SONO) is also on the move after earnings, up more than 7% on the day. However, it’s been a wild mover on Thursday. There’s good and bad with this chart. For instance, the stock filled its gap at $32.88 earlier this week. However, it then broke below that low with Wednesday’s decline. But then on Thursday shares went daily-up and undid a lot of damage. Then the stock faded from the highs, though. Like I said, it’s a mixed bag here. On the plus side, the stock is well off the lows. Unfortunately, though, Thursday’s fade came from a notable area. Specifically, the $35 area continues to act as resistance, while the 21-week moving average didn’t do SONO stock any favors. This area was also strong support earlier this year and it was the breakdown spot this week. I want to see Sonos reclaim $35 before trusting on the long side. If it does, we have a nice low to measure against. If the stock doesn’t reclaim $35 and breaks that low, it could put another gap-fill in play near $28, followed by the 200-day moving average. On the date of publication, Bret Kenwell held a long position in AMD. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post 4 Top Stock Trades for Friday: TSLA, AMD, GOOS, SONO appeared first on InvestorPlace.

AMD's Lisa Su Rocked Semiconductor Boy's Club And Took On Intel
Thu, 13 May 2021 12:00:57 +0000
AMD CEO Lisa Su pulled off an epic turnaround in tech — arguably the biggest since Apple. And this rare female tech CEO crashed the boy's club.

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