AMD (AMD) Offering Possible 13.12% Return Over the Next 6 Calendar Days

AMD's most recent trend suggests a bearish bias. One trading opportunity on AMD is a Bear Call Spread using a strike $29.00 short call and a strike $34.00 long call offers a potential 13.12% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $29.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock rose above the $34.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for AMD is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for AMD is bearish.

The RSI indicator is at 34.22 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for AMD

Intel-AMD GPU Partnership Ends with Kaby Lake-G
Thu, 10 Oct 2019 23:25:51 +0000
Intel (INTC) is discontinuing its Kaby Lake-G mobile CPUs and has initiated the EOL (end-of-life) process for the products.

Are Hedge Funds Really Bullish About Advanced Micro Devices, Inc. (AMD)?
Thu, 10 Oct 2019 22:39:58 +0000
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]

3 Semiconductor Stocks to Buy in the Fourth Quarter of 2019
Thu, 10 Oct 2019 21:21:09 +0000
All three major U.S. indexes jumped Thursday on the back of some positive U.S.-China trade war news. Even if a deal isn't reached anytime soon the semiconductor industry seems sure to be a solid long-term play…

Intel Xe Could Join AMD and NVIDIA GPUs in 2020
Thu, 10 Oct 2019 20:53:46 +0000
On Monday, AMD launched its lower-end, Navi-based, 7nm RX 5500 GPU. Intel (INTC) has given hints about its highly anticipated Xe GPU with ray tracing.

PlayStation 5's Expected Demand Prompts AMD Analyst Upgrade
Thu, 10 Oct 2019 14:20:00 +0000
Advanced Micro Devices gets an out-of-the-gate thumbs up from Citic Securities, which initiated coverage on the stock with a buy recommendation and a one-year price target of $35 amid what it sees as promising …

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