Today's video focuses on recent news affecting Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). Even though both companies have plenty of potential in the long term, numerous short-term bearish points are affecting the stock prices. Read More...
TheStreet.com
AMD Is Still Searching for a Tradable Low
In this updated daily bar chart of AMD, below, we can see that in early April AMD closed below $100 and a deeper decline ensued. The On-Balance-Volume (OBV) line has made new lows this month and tells us that sellers of AMD have been more aggressive than buyers. In this weekly Japanese candlestick chart of AMD, below, we can see that prices are trading below the declining 40-week moving average line.
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