• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing

Advanced Micro Devices Is Leading the Semi Industry Higher

Let's review the charts and indicators.
By BRUCE KAMICH
Oct 14, 2021 | 02:08 PM EDT
Stocks quotes in this article: TSM, AMD

One Real Money subscriber asked me what I liked in the semiconductor space in light of the good numbers from Taiwan Semiconductor (TSM) today.

I decided to check out Advanced Micro Devices (AMD) . 

In this daily bar chart of AMD, below, we can see that prices made a correction in August and September but they have turned to the upside again. Prices are above the rising 50-day moving average line. The slope of the 200-day line is positive.
 
The On-Balance-Volume (OBV) line declined in line with the pullback in August and September and the line has begun to rise again. A rising OBV line is a sign of more aggressive buying.
 
The Moving Average Convergence Divergence (MACD) oscillator is crossing above the zero line for a new buy signal.
 
 
In this weekly Japanese candlestick chart of AMD, below, we see a positive longer-term picture. 
 
 
 
In this daily Point and Figure chart of AMD, below, we see a $122 price target. Striking distance of new highs.
 
In this weekly Point and Figure chart of AMD, below, a $158 target is projected.
 
 
Bottom line strategy: Traders could go long AMD at current levels risking below $103. $122 and then $158 are our price targets for now.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Markets | Stocks | Technical Analysis | Trading | Semiconductors & Semiconductor Equipment | Technology

More from Investing

Mega-Cap Tech Keeps Showing Wall Street Who's Boss

James "Rev Shark" DePorre
Jun 1, 2023 4:28 PM EDT

The action broadened on Thursday, but a small group of big stocks still dominated.

Dollar General Gets Busted Down to Lieutenant

Bruce Kamich
Jun 1, 2023 1:45 PM EDT

The charts advise marching in the other direction for this retailer.

New BlackRock Funds Rely on Brainpower

Mark Abssy
Jun 1, 2023 1:14 PM EDT

Artificial intelligence is all the rage, but the BlackRock Large Cap Value and the BlackRock Flexible Income exchange-traded funds offer a bit of human touch.

I Don't See Any Fireworks Coming From Macy's

Bruce Kamich
Jun 1, 2023 1:06 PM EDT

This iconic retailer appears only headed lower after posting earnings.

Here's How Investors Can Get in on Soaring Uranium Prices

Bruce Kamich
Jun 1, 2023 12:33 PM EDT

The charts of this fund are giving off a positive glow.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 06:54 PM EDT CHRIS VERSACE

    AAP Podcast: A Tongue -- and a Market -- Twister: 'Get a Debt Deal Done'

    Listen in as the Action Alerts PLUS Podcast tackle...
  • 12:07 PM EDT STEPHEN GUILFOYLE

    Selling Some of This Surging AI-Related Stock

    This isn't the only name in the Stocks Under $10 p...
  • 09:48 AM EDT CHRIS VERSACE

    AAP Podcast With Portillo's CEO!

    Listen in as we talk with a rising star in the Chi...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login