Advanced Micro Devices (AMD) NewsBite - AMD Could Be On the Move

Advanced Micro Devices (AMD) could be on the move today and is now at $4.69, up $0.07 (1.52%) on volume of 3,548,884 shares traded. Over the last 52 weeks the stock has ranged from a low of $1.62 to a high of $6.36. AMD was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw110209 . Advanced Micro Devices stock has been showing support around $4.28 and resistance in the $5.14 range. Technical indicators for the stock are neutral and S&P gives AMD a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AMD the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 4 range.

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