Because the market share and product line is improving, we cannot compare the past years prices in the same way as we might for a company like Intel .
Full disclosure, I work in IT. I also build computers and manage networks, so I have a unique perspective into the adoption in the workplace as well as the competitiveness of AMD going forward, after so many years of them not having a competitive product.
My general prediction as it stands right now, without any further information ( reports etc.) is that AMD will be around $20 by the end of the year.
I'm optimistic that it will go higher after even more good news and reports that are still coming down the pipeline.
I'm raising my end of year target to $25, and possibly $30 if the earnings report is positive. Higher than expected EPYC adoption, as well as access to the Chinese market will push AMD into the $40-50 range by the end of 2019.
In the past... back when there was not a good market plan, product line, or opportunity for AMD. Things have changed. Just the minds of the investors that are stuck in the past holding us back now ;)
Plenty of time to break that resistance. Notice how my chart is looking longer term. You can see that we have another week or two before going above $16... As we get closer to the next earnings I would expect investors to get antsy and perhaps cautious. We will have to re-evaluate once we start getting closer.