AMD has had an amazing run-up to its current price from the low $20s and it seems set to continue. But I think it is important to realize there will be a pullback for it to breath before it continues. If you are okay with this (having come in at a lower price) then just hold the position for more upside and into the future, as I see it as being bright, having the same development as NVDA. This is if it can keep growing, this is the question, but if Lisa Su continues with her current vision of the company this is well in rang. I would advise a long term strategy so you are not kicking yourself later.
Trade active:
AMD hit the 49.34 price rang a few times but has not broken through, this will be only a matter of time, looking at the price action. Even with the developments coming out of the Middle East it will take more than this to put the bulls off. We are possibly looking at a pullback tomorrow towards, maybe to the 47.50 mark (depending on the US response) before resuming the offensive of 49.34. This is a strong barrier and will probably take more price accumulation before breaking through, but after CES and as drhelsea1 suggests, when this happens, 55 and 60 are insight and in my humble opinion it will happen in short order.
Comment:
But as mentioned in other posts, use caution to protect profits/capital, reality has taught us to always expect the unexpected, the bulls may run away scared.