Friday, October 16, 2009

AMD Gets Chopped Down (AMD)

Advanced Micro Devices Inc. (NYSE: AMD) is getting lashed this morning as shares are down 5.8% at $5.83  As of 8:31 AM EST we have seen only about 350,000 shares trade versus a 27 million share average.  This one fell by 3.72% to $5.96 last night, but on some 8,237,097 shares after earnings.  This one has a lot of air left in it even after this drop as the 50-day moving average is down at $4.93 and the 200-day moving average is $3.70.

JON C. OGG


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