Advanced Micro Devices Stock Flashes Improved Price Strength

Advanced Micro Devices (AMD) stock had its Relative Strength (RS) Rating upgraded from 67 to 75 Thursday — a welcome improvement, but still shy of the 80 or better score you look for.

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This proprietary rating tracks technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research reveals that the market’s biggest winners typically have an 80 or better RS Rating in the early stages of their moves. See if Advanced Micro Devices stock can continue to rebound and clear that threshold.

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Is Advanced Micro Devices Stock A Buy?

Advanced Micro Devices stock recently reclaimed its 200-day moving average, a good sign . The chip stock is working through a consolidation, but it’s not in a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings grew 19% last quarter, up from 3% in the prior report. Revenue also increased, from 2% to 9%.

Advanced Micro Devices stock earns the No. 7 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom (AVGO), NVIDIA (NVDA) and Arm Holdings ADR (ARM) are among the top 5 highly rated stocks within the group. For more industry news, check out “Chip Stocks To Watch And Semiconductor Industry News.”

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