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danbeaulieu
Oct 29, 2018 3:28 AM

Bearish on AMD with $14.41 price target Short

Advanced Micro Devices, Inc.NASDAQ

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NASDAQ:AMD

I took put options on Friday before close. I don't see enough volume to qualify as "stopping volume" and the chart put in a lower low. Historic support/resistance along with 78.6% retrace suggests a price target of $14.41. On the bullish side, we did close above the 200 sma.

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