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Why AMD's Stock Rebound Won't Last

Advanced Micro Devices Inc.'s ( AMD) bull run may end soon. The stock has soared 27% in the last eight trading days, but technical analysis suggests that the stock may fall as much as 25% in the coming weeks. The negative technical forecast may stem from analysts slashing their earnings and revenue estimates for the coming quarter. The chart shows that the stock has refilled a technical gap that was created two week ago when AMD reported weaker than expected third quarter results.