Stock Of The Day: Is Advanced Micro Devices About To Break Down?

Advanced Micro Devices, Inc. AMD is trading sideways Friday. But the stock is testing an important support level.It may be about to break down. This is why our team of technical analysts has named it our Stock of the Day.If a stock is in a downtrend, it's because there isn't enough demand to absorb all of the supply. Sellers are forced to offer their shares at a discount to get buyers interested. This forces the price lower.If the downtrend reaches a support level, it will pause or halt. There are enough bu ...