AMD Is A Monster
AMD is an absolute monster. The chart is hideous. While the stock is up nearly 3000% from its lows made just five years ago, it has also been trading sideways for the past 35 years. THIRTY FIVE YEARS! Despite sitting at all time highs, this stock has gone absolutely nowhere over the long term. AMD put in four decisive bottoms in the $1's over the past few decades, and is now punching up against resistance for the third time in its life. A break out to $50 and above would mean AMD still has a lot of gas in the tank left? How much gas? A measured move price target generates a $94 price target, representing 92% upside from current levels. AMD has some catching up to do relative to its peers: keep an eye out for the psychological $50 break before initiating a position.