Advanced Micro Devices (AMD) is on the move today. We last covered AMD on June 10th, writing that "The wait for a definitive breakout can be frustrating but we have it on the Point and Figure chart. Go long or add to longs at current levels risking a close below $52. The low $70's is our price target for now."
AMD had something different in mind and turned lower and would have stopped out buyers in late June. AMD is back on the upside today so we don't want to become gun shy. Let's take another look at the charts.