AMD: On the daily, historically when the price touches the lower BB it goes back up...usually touching the upper BB over the course of a few days. It just touched the lower BB yesterday on the daily (looks like a pivot). It's up today (so far). As long as it's positive for the day I think this may make a nice swing trade. You could set your stop at the low of the day today with a potential of getting to the upper BB @ $15 over the next few days 5/1 rr.
I took 500 shares @ $13.20. I'm going to set my stop @ $13, target $15. I'm risking $100 to make $900
for info (I haven't read them yet) AMD Previews "Naples" High-Performance Server Processor, Prepares to Return Innovation and Choice to the Datacenter in Q2 2017 http://finance.yahoo.com/news/amd-previews-naples-high-performance-130000457.html http://marketrealist.com/2017/02/ho.../?utm_source=yahoo&utm_medium=feed&yptr=yahoo
Yeah, another reason NVDA is the better play long term. I would like to get back in NVDA once it regain the 9&20ema, I would be back in long. AMD is a pure technical play on the price action, short term only....I don't believe in this co long term.
I stopped out @ $13.25 with +$25. I may buy again to swing if there's a good setup or at the end of the day if it's going to close positive.