Could Advanced Micro Devices (AMD Stock) fall towards the 72 level?

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 it is in an uptrend reaching the current price of around $75.40. Tomorrow, it is announcing the quarterly earnings and today, in the pre-market, it’s down to around $74, indicating that maybe the market’s anticipation in negative on the scheduled results. Its support level is located at around $71.50-72 which could be a good entry point for earnings trading.

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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