Advanced Micro Devices stock showed rising value performance with rating of Rs 93

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Advanced Micro Devices ,amd) The stock saw positive improvement in its Relative Strength (RS) rating on Friday, which moved up from 89 to 93.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement compares to other stocks in our database over the past 52 weeks.

Over 100 years of history shows that the best stocks in the early stages of moves often have RS ratings north of 80.

Looking for the best stocks to buy and watch? start here

Is Advanced Micro Devices Stock A Buy?

IBD 50 The stock is now considered extended and outside the buy range after clearing the 89.04 buy point in the flat base of the first leg. See if the stock forms a new pattern or follows a buying opportunity such as a three-week low or a pullback at the 50-day or 10-week moving averages.

The chipmaker company showed -25% earnings growth in the latest quarterly report. Revenue increased by 16%.

Advanced Micro Devices stock earns the No. 6 rank among its peers in the electronics- fabless industry group. broadcom ,average, lattice semiconductor ,lscc) And Monolithic Power Systems ,mpwr) are among the top 5 highly rated stocks within the group. For more industry , see “Chip Stocks to Watch and Semiconductor Industry News”.

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