Watch These AMD Stock Price Levels as 6-Session Winning Streak Snapped
Key Takeaways
- Advanced Micro Devices shares fell Thursday after gaining ground for six consecutive days amid optimism about recently announced AI deals and share buyback plans.
- Momentum had accelerated in recent trading sessions after the stock broke out above the 50-day moving average and a descending channel, though the relative strength index flashed overbought conditions.
- Investors should watch crucial support levels on AMD’s chart around $110 and $96, while also monitoring important resistance levels near $132 and $150.
Advanced Micro Devices (AMD) shares fell Thursday after gaining ground for six consecutive days amid optimism about recently announced AI deals and share buyback plans.
The chip designer’s stock rallied to it…
