Advanced Micro Devices, Inc. (NASDAQ:AMD) is moving higher. This comes after the company's analyst day. Some companies host events where Wall Street investors and analysts can see presentations to learn more about them.AMD is our Stock of the Day. It is trading just below resistance, and this could limit its short-term upside potential.‘Sell at former tops' is an old trading adage. It isn't just an old wives' tale. It is based on logic.When a stock gets to a new high and then heads lower, some of the people ...

Group 1 - PayPal Holdings, Inc. shares are experiencing a significant increase following the announcement of earnings, which has been positively received by Wall Street [1] - Despite the positive earnings report, there is a potential for a reversal in stock price as some traders may look to sell, indicating a balance of buyers and sellers in the market [1] - The stock is currently gapping up, suggesting aggressive buying behavior, while sellers are raising their offer prices [3] Group 2 - There is a potential resistance level around $77.50, which previously acted as resistance in July, indicating that this level may again pose challenges for upward movement [4] - The presence of many shares for sale at the $77.50 level could meet buyer demand, potentially ending the current rally [6] - Historical selling behavior suggests that many investors who bought at previous peaks may place sell orders around the $77.50 level, creating resistance and possibly leading to a price peak [6][7]

Shares of Wayfair Inc. W consolidated on Tuesday after the stock soared by more than 12.5% on Monday, following a strong earnings report. The company reported 11 cents for Q2 versus the prior year's loss of 34 cents.But now Wayfair is at a resistance level. The odds are that it doesn't stay at this level for too long. It will either reverse or break the resistance and move higher. Either way, savvy traders will be able to profit. This is why it is our Stock of the Day.Stocks tend to hit resistance at levels ...