TradingKey – AMD (AMD) stocks are trading near $547 to $555, or about 5% to 6% off Tuesday’s close of $580.91 and up to a new 52-week high earlier this week. The recent pullback has taken some of the heat out of the rally, but it hasn’t changed the bigger picture. AMD still has an impressive YTD gain of +171% and an increase of over +300% on the last 12 months.

Those who bought the stock when it reached $580 are on the short-term losing side, while those sitting on the sideline have received their best shot to buy the stock in over a month. It should also be noted that this drop has been mirrored by the general decline in semiconductor stocks, and the real question is not what the chart looks like now, but what’s changed in AMD’s…