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The AMD price witnessed a throwback to the 20-day EMA mark.
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The stock witnessed profit booking and dropped by 2.54% in yesterday’s session.
The AMD stock (Advanced Micro Devices Inc.) cited a retracement from the top and retested the 20-day EMA mark in the last session. However, the trend is intact and a doji candle was formed, which still recalls a positive sign despite the selloff try. Moreover, the bulls have secured the 20-day EMA mark and upheld the bullish trajectory amid the strong Q4 results.
Yesterday, Q4 results came into the limelight, which was above the estimates, but the stock has rallied already, and a profit booking was witnessed. However, the dip is a buying opportunity for investors, and stock may continue rushing fireworks in the following sessions.
In yesterday’s session, the stock closed at $167.69 with an intraday fall of 2.54% delivering profit booking. Various analysts have raised the target price and maintained a buy rati
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