The company is not only surfing the semiconductor wave, rather it’s influencing it. With every small boost in technical competence and consistent performance, AMD is demonstrating that it’s a building block of computing’s future. The latest boost to its Relative Strength (RS) Rating is more than an indicator, it’s an endorsement of investor confidence and persistent performance. Although it’s not yet reached the sacred 80 threshold that usually leads to a breakout stock, but a 78 RS is slamming the door. If AMD keeps going in this direction, it might be getting ready for the next giant leap. With increases in both earnings per share and revenue, this is not something driven by hype, it’s a chipmaker showing its determination.
The RS Rating is a report card for a stock’s performance over the previous year. AMD went from 65 to 78, which means that it is surpassing its peers, and that’s a good thing for investors. Generally speaking, the stocks that tend to break through an 80 RS Rating are expected to keep on rising. This happens if other indicators, such as earnings growth and optimistic chart patterns, are favorable. Currently, AMD has already crossed its previous best buying point, so it would be too expensive for a new entry. However, if it falls, it would create a new consistent pattern, which will make it sooner a wise opportunity once again.
Although the stock isn’t in the best buy zone today, its consistent fundamentals and technical action indicates that it’s not done going up. For investors, timing and patience may just be the key to the next big thing. In an industry where timing is critical, AMD’s strategic patience, product innovation, and a consistent upward trajectory would make it a name to hold onto. As AMD is not here to play, it intends to dominate.
Advanced Micro Devices (AMD) earned an upgrade to its Relative Strength (RS) Rating, from 65 to 78. This proprietary rating identifies technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 as they launch their largest climbs. See if Advanced Micro Devices can continue to show renewed price strength and hit that benchmark.