Price Target for AMD: ~$46 Before Year End

20 dic 2019

AMD" stock has been on a tear recently on the heels of solid business fundamentals and competitiveness with Intel. This analysis attempts to find some technical indicators to complement this run-up and make a call on where the stock's heading next. According to pure charting, the next level of confluence I see is ~46/share in about 9 days, which represents a 5% increase from yesterday's close. It's hard to chart a growth stock that keeps going up, but let's see where this goes.