AMD Shares Attract Big Money Support

Advanced Micro Devices is a Magnet for Big Money

So, what’s Big Money? Said simply, that’s when a stock presses higher alongside chunky volumes. It’s indicative of institutions betting on the shares.

This shouldn’t come as a surprise as AMD has many attractive fundamental qualities.

This sets up well for the stock going forward. Paying attention to how the shares trade, suggests there could be more upside.

The last 6 months have seen healthy accumulation signals. Each green bar signals big buying volumes as the stock ramped in price:


Since late last year, the stock has been one of bright spots in our data. Generally speaking, recent green bars could mean more upside is ahead.

Now, let’s check out the technical action grabbing my attention:

Outperformance is important for leading stocks.

AMD Fundamental Analysis

Now, let’s dive into fundamentals. AMD has had double-digit sales growth, plus the future earnings outlook is solid too. Take a look:

Source: FactSet

Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.

In fact, AMD has been a top-rated stock at MAPsignals for years. That means the stock has had buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this every week.

It’s made the rare Top 20 report numerous times since 2018. The blue bars below show when AMD was a top pick:



Tracking unusual volumes reveals the power of the MAPsignals process. Follow the Big Money!

AMD Price Prediction

The Advanced Micro Devices rally has been in place for months. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no positions in AMD at the time of publication.

Learn more about the MAPsignals process here.


This article was originally posted on FX Empire


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