Advanced Micro Devices – AMD
2018-07-27
This came to my attention on my Thursday review of the IBD Stocks on the Move. I scanned for stocks that were below $40.00. They had reported earnings and bought on Friday for a short term momentum play
I got filled at $19.10
-5% stop = $33.62
20% Target = $42.47
Here are the IBD Rankings on the Friday edition of IBD Weekly VOL. 35, No.16 Week of July 23, 2018
IBD Rankings today
Composite Rating: 98
EPS Rating: 76
RS Rating: 96
Group RS Rating: C
SMR Rating: A
Acc/Dis Rating: A-
ROE: 22%
Debt: 217%
Outstanding Shares: 969.3m
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
5 year monthly chart from bigcharts
1 year daily chart from bigcharts.
I use a 3 tier 50 day EMA. What I’m looking for is a cross over for the shorter term over the long term. The 50 EMA should be a level for institutional support
3 Month Daily from StockCharts.com
2018-09-13
The upside on this trade was really impressive and I credit it to some hard work, having some available cash, and luck. I got filled at $31.20 and locked in a $1,200 gain in about 6 weeks.
I really didn’t a see a day that I really didn’t like until it touched my stop intraday and bounced. Today the trading range wasn’t right and I sold have of my position.
Last night I had discussed this stock with my friends from the local IBD Meetup. They recommended to take half and lock in the profit. Then let the rest ride
So I’m sitting on 100 shares at a very good price point and this could be a good long term play
Here is the 3 Month chart from Stockcharts
2018-10-25
I closed out the remaining 100 shares today at a slight loss -3.44%. I got filled at $18.44 during the first hour the market opened. This was down from the high and has been steadily selling off.
I was sitting on a 25% profit and then earnings were announced and the market overall had a violent shake. The after hours trading was all the way down at $17.69
Lesson learned. I had at one point a 70% gain and I’m grateful that I sold half of my position there. I had held the remaining looking for a much longer term and it turned into a loss.
I still think that it’s going lower, but I’m not going to be placing any short position against it. The put options are very expensive right now to place a realistic trade
Here is the 3 month chart from Stockcharts.com
