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Urgent: These Signals Tell Investors To Sell $AMD Now - 1/10/2017 12:29:03 PM   
InTheMoneyStocks

 

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Joined: 6/12/2009
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Investors should expect major downside on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the coming weeks. Just days ago, the stock had a huge bearish engulfing reversal candle at multi-year highs. Following that reversal, Advanced Micro Devices has put in a classic bear flag stock chart setup. This is days away from its next leg lower. The ultimate downside target is $9.15. This is a high reward, low risk setup. The stop can simply be any daily stock close above the 52 week high of $12.42. This gives double the reward on a short versus the risk.





Gareth Soloway

InTheMoneyStocks
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