Watch These AMD Price Levels as Stock Hits 5-Month High Following Last Week’s AI Showcase
Key Takeaways
- AMD shares continued gaining ground Tuesday, boosted by upbeat Wall Street commentary following the chipmaker’s “Advancing AI” event last week.
- The stock broke out from a pennant pattern earlier this month and closed above the closely watched 200-day moving average in Monday’s trading session.
- Investors should watch crucial overhead areas on AMD’s chart around $145, $160 and $175, while also monitoring support levels near $115 and $108.
Advanced Micro Devices (AMD) shares continued gaining ground Tuesday, boosted by upbeat Wall Street commentary following the chipmaker’s “Advancing AI” event last week.
Piper Sandler on Monday raised its price target for the stock and expressed enthusiasm for AMD’s recently…
