Traders Watch AMD Squeeze Closely at $548.13
The stock of Advanced Micro Devices Inc (AMD) climbed 2.58% to close at $548.13 on July 15.
From a technical standpoint, the outlook appears bullish:
Moving Averages
Price trades above the 9-day EMA ($539.57) with a bullish stack. The 21-day EMA at $527.82 provides support.
Momentum
RSI at 55.3 is in neutral territory but trending higher. MACD reads 16.78 against its 19.84 signal line (bearish).
Volatility
A 19-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
The bullish trend is intact, but fading MACD momentum suggest waiting for a pullback.
Watch $498.73 as support and $571.42 as resistance.
