Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
AMD's stock relied on the support of 38.50 to bounce higher and mark a 1.63% profit in the last session, amid the dominance of the main upward trend with positive support from the 50-day SMA, as the RSI reached oversold levels.
Therefore we expect more gains for the stock, targeting the resistance of 41.78 anew.
Expected trend: Bullish