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| Advanced Micro Devices (AMD), a maker of semiconductors for computer systems, is a cyclical stock. AMD is on the price downside of a major price cycle that peaked in February 2006. The chart of daily closes shows fifteen price cycles of widely varying durations and ranges. And there are many cycles within each of the numbered cycles. AMD provides traders with many opportunities to buy and sell the stock at a profit. But with AMD be sure to buy it at the beginning of a new cyclical upside. If the stock fall below $18, a key support level, it could continue to decline to between $10 and $15. Click on the blue chart to the right to see more information about
AMD. Advanced Micro Devices Sinks on
Falling Profit Margins Posted January 7, 2007. |
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