Consider Advanced Micro Devices: Five Year Uptrend May Be Over
Tim Knight | Apr 07, 2021 12:04AM ET
Here's a bold short idea I feel compelled to leave up as a header post, so allow me to offer Advanced Micro Devices (NASDAQ:AMD). Here we see the exponential moving averages beginning to roll over for the first time in a long while:
A very long-range view of the same trio of moving averages gives you a sense as to how this stock, over the long haul, is definitely prone to “rolling over” into long bear markets.
Of special note is that fact that for the first time in five years AMD is starting to damage its uptrend.
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