Advanced Micro Devices (AMD Stock): It's a correction towards the 90 level expected?

AAATrade Team AAATrade

Today’s instrument is the Advanced Micro Devices stock traded in Nasdaq under the ticker AMD.

Looking at the AMD’s chart, we can see that after a strong upward movement in the past few days, it is currently traded at around $99.30.

Last night it announced better-than-expected quarterly earnings but it seems the expectation was already priced in. We could expect a small correction towards the level of around $90 before starting crawling up again.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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