Watch These AMD Price Levels as Stock Jumps to Highest Level Since January
Key Takeaways
- Advanced Micro Devices shares closed at their highest level since January on Monday, lifted by optimism that trade discussions between the U.S. and China could lead to reduced export curbs.
- After breaking out from a descending broadening formation last month, AMD shares have traded mostly sideways just below the closely watched 200-day moving average.
- Investors should monitor major overhead areas on AMD’s chart around $123, $145 and $175, while also watching a key support level near $108.
Advanced Micro Devices (AMD) shares will likely remain in focus after hitting their highest level since January on Monday, lifted by optimism that trade discussions between the U.S. and China could lead to reduced export curbs.
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