Trade Range above 200 SMA and below 50 SMA

Feb 16, 2022 06:53 AM 0 Answers
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Hi Marty,


Today for AMD you wrote \"The stock is in a trade range below its 50sma and above its 200sma.\" Can you clarify what this means?

AMD started trading below its 50sma (red line) on January 5. It has been trading below the 50sma and above the 200sma (black line) since it started trading below its 50sma on January 5.

I expect this stock to resolve to the upside eventually. But, for now it is finding support at its 200sma, and resistance at its 50sma. Look for this stock to trade above the red line (50sma) and it will be a more favorable trade as it forms the right side of its base.

I hope this answers your question!



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