Advanced Micro (AMD) Looks Good: Stock Adds 13.7% in Session
Advanced Micro Devices, Inc. AMD was a big mover last session, as the company saw its shares rise nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.53 to $10.52 in the past one-month time frame.
The move came after the company reported better than expected first-quarter 2018 results.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Advanced Micro. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Advanced Micro currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Advanced Micro Devices, Inc. Price
Advanced Micro Devices, Inc. Price | Advanced Micro Devices, Inc. Quote
A better-ranked stock in the Electronics - Semiconductors industry is Mellanox Technologies, Ltd. MLNX, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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