March 24, 2022, 3:56 pm EDT
Breakout Ready Semiconductor Advanced Micro Devices Inc (AMD)
Advanced Micro Devices Inc (AMD) is one of the major players in the semiconductor industry. Its strong and consistent growth background put a solid foundation for the future as shown below:
- EPS growth: 77%
- Sales growth: 49%
- 3-year EPS growth: 106%
- 3-year sales growth: 43%
Technically, AMD offers an ideal entry point after a 2-3 months convergence process that is ready to take off. 120 will open up its upside potential and uptrend rally. Also, a low-risk protective sell-stop can be set at 110 where we can see the risk-to-reward ratio is in our favor.