AMD's most recent trend suggests a bullish bias. One trading opportunity on AMD is a Bull Put Spread using a strike $147.00 short put and a strike $142.00 long put offers a potential 69.49% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $147.00 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $2.95 would be incurred if the stock dropped below the $142.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for AMD is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for AMD is bullish.
The RSI indicator is at 52.47 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
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AMD Looks for Ways to Improve Its Chip Shortage Problems
Wed, 29 Dec 2021 15:00:00 +0000
Today's video focuses on Advanced Micro Devices (NASDAQ:AMD) and its recent agreement with GlobalFoundries (NASDAQ:GFS) to buy more chips. GlobalFoundries is a semiconductor manufacturer that produces chip wafers for numerous companies, including AMD. GlobalFoundries went public on Oct. 28 and has made over 40% returns to investors year to date.
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Wed, 29 Dec 2021 13:41:01 +0000
Here is a sneak-peek into five promising electronics stocks, which are expected to sustain their strong momentum in 2022.
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