AMD Stock Price Levels to Watch After Post-Earnings Plunge
Key Takeaways
- Advanced Micro Devices shares moved sharply lower in extended trading on Tuesday after the chipmaker reported third-quarter earnings that came in below expectations and issued a light revenue outlook.
- The stock has rallied into the upper trendline of a descending channel, though lower volumes suggest that larger market participants remained on the sidelines ahead of the company’s quarterly results.
- Investors should watch key support levels on AMD’s chart around $162, $132, and $112.
- If the stock resumes its longer-term uptrend, investors should monitor a bars pattern bullish price target around $275.
Advanced Micro Devices (AMD) shares moved sharply lower in extended trading on Tuesday after the chipmaker reported
