Advanced Micro Devices (AMD Stock): It's a correction towards the 90 level expected?
|Today’s instrument is the Advanced Micro Devices stock traded in Nasdaq under the ticker AMD.
Looking at the AMD’s chart, we can see that after a strong upward movement in the past few days, it is currently traded at around $99.30.
Last night it announced better-than-expected quarterly earnings but it seems the expectation was already priced in. We could expect a small correction towards the level of around $90 before starting crawling up again.
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