I am pretty bearish on AMD. The company has been making a consistent loss quarter after quarter. $197m loss from $180m the previous quarter. AMD continues to struggle in the face of stiff competition in the computing sector. Apple and Microsoft are all moving into hardware and with the preference being Intel, tough days ahead.
Technically a break of...
In a downtrend since forever, and lowered ER expectations. Thinking it drops to 11/2012 lows of $1.81ish or lower. $2.00 July 24th Puts @ .13 expire week after ER.
A rough few days for the investors with long positions. Today AMD is finding support on a historical support level (marked with the rectangles ~$2.25).
I won't mark this chart "long", but I'll be watching AMD to break through the 2.65 resistance before considering a long position personally.
I've circled the most recent RSI entrances into the <30 oversold...
squeeze of support and resistance means the stock looks to make a move. Been hearing alot of buzz about the new AMD cards that are yet to be announced, could drive the stock up I think.
