Advanced Micro Devices, Inc.(AMD) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) Advanced Micro Devices, Inc.(AMD) closed at 7.28, up 0.15 or 2.1 % for the day. Based on our analysis, Advanced Micro Devices, Inc.(AMD) has rising momentum with an uptrend.

The closing price of Advanced Micro Devices, Inc.(AMD) is above its 50 day moving average of 7.02 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Advanced Micro Devices, Inc.(AMD) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 21-Feb-2008, about 6 trading days ago.