Advanced Micro Devices (AMD) just blew past our target price of $100.  Last trading at $102.05, we’d like to see it closer to $110.  All it has to do now is break through resistance around $103.86, and it could potentially happen.

We have a good history with AMD.

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Over the last few weeks, we noted, ““Advanced Micro Devices (AMD) is on the move, as hoped. The last time we mentioned the stock, it traded at $66.67.  We also mentioned, AMD could potentially test $75 a share, near-term. Today, the stock is up to $88.06, and could run back to $100, if it can break above double top resistance around $88.80.”

Better, Raymond James just raised its price target on AMD to $115 from $100.


Ian Cooper