This is a 1 chart update for several different stocks in the semi-conductor industry. Stocks included in this update are Advanced Micro Devices, Himax Technologies, Micron Technologies and nVidia Corporation (AMD, HIMX, MU & NVDA, respectively).
All of the companies in this quick hits update have a previous full-length article that should be referenced. Those full-length articles can be located via the Stock Market Articles Grid in the main menu, the drop-down category box found in the footer of this page or the search box using key words such as the company ticker symbol.
With that said, let's get updated!
Advanced Micro Devices (AMD)
In AMD's previous update, I stated
If you are trading your way up to the $15.67 target area, a pullback to the 10 Day moving average could be the first entry and a pullback to the 20 Day moving average would be the 2nd entry. The 10 Day moving average currently resides around the $12 area. The third entry would be a pullback to the 50 Day moving average if it were to happen before reaching the $15.67 target price.
Well, AMD had a pullback to the 10 Day moving average but fell just shy of reaching the 20 Day moving average. This is a 1 year daily candlestick chart for AMD.
Based on AMD's previous article, you may be either 1/3 or 2/3 invested into your position now. At this point, the other 1/3 or 2/3 of your purchase should be held onto until a pullback to either the 50 Day moving average or the $12 area takes place.….
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