Advanced Micro Devices stock showed rising value performance with rating of Rs 93

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Advanced Micro Devices ,amd) The saw a positive improvement in its Relative Strength (RS) rating on Friday, which moved up from 8 to 93.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s proprietary RS Rating tracks technical performance by showing how a stock’s price movement compares to other stocks in our database over the past 52 weeks.

Over 100 years market history shows that the best stocks in the early stages of moves often have RS ratings north of 80.

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Is Advanced Micro Devices A Buy?

IBD 50 The is considered extended and outside the buy range after clearing the 8.04 buy point in the flat base the first leg. See if the stock forms a new pattern or follows a buying opportunity such as a three-week low or a pullback at the 50-day or 10-week moving averages.

The chipmaker company showed -25% earnings growth in the latest quarterly report. Revenue increased by 16%.

Advanced Micro Devices earns the No. 6 rank among its peers in the electronics-semiconductor fabless industry group. broadcom ,average, lattice semiconductor ,lscc) And Monolithic Power Systems ,mpwr) are among the top 5 highly rated stocks within the group. For more industry news, see “Chip Stocks to Watch and Semiconductor Industry News”.

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