Advanced Micro Devices Nears Key Bounce Level

 | Oct 08, 2018 04:41PM ET

Shares of Advanced Micro Devices (NASDAQ:AMD) are almost $10 off their recent highs, a full 30% drop. As it craters, the weak investors go running but the smart traders are looking to buy. The key level is $25.20 for a swing-trade bounce. This may be hit within a day or two.