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JimVanMeerten (67.58)

Advance Micro Devices - buy signals

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February 17, 2011 – Comments (1) | RELATED TICKERS: AMD

Advanced Micro Devices (AMD)

Barchart.com's Chart of the Day

1- 88% Barchart technical buy signal

2- Trend Spotter (tm) buy signal

3- 5 new highs and up 9.23% in the last week

4 - Relative Strength Index 67.76% and rising

5 - Trades around 8.99 with a 50 day moving average of 8.20

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

 

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

1 Comments – Post Your Own

#1) On February 22, 2011 at 2:00 PM, rav55 (< 20) wrote:

"AMD has recently expanded its 40nm chip orders to foundry house Taiwan Semiconductor Manufacturing Company (TSMC) and is hoping to secure all new capacity from TSMC's 12-inch fab, Fab 14's phase 4 facilities to solve the shortage issue, according to a Chinese-language Commercial Times report.

Since strong demand for AMD's new 40nm Zacate and Ontario CPUs has caused supply for the two processors to tighten in both Europe and the US, plus AMD is preparing to push the APUs into China in March, the company has been aggressive resolving the shortage issue as well as building its inventory levels, the paper added."  fromm Digitimes.

 AMD is looking like it will report better than expected earnings in the 1st quarter 2011.

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