AMD Stock Price Levels to Watch After Post-Earnings Plunge
AMD(AMD) Investopedia·2024-10-30 03:25
Key TakeawaysAdvanced Micro Devices shares moved sharply lower in extended trading on Tuesday after the chipmaker reported third-quarter earnings that came in below expectations and issued a light revenue outlook.The stock has rallied into the upper trendline of a descending channel, though lower volumes suggest that larger market participants remained on the sidelines ahead of the company's quarterly results.Investors should watch key support levels on AMD's chart around $162, $132, and $112.If the stock r ...