Advanced Micro Devices Inc.(AMD) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Advanced Micro Devices Inc.(AMD) closed at 6.82, down -0.1 or -1.45 % today. Based on our analysis, Advanced Micro Devices Inc.(AMD) is in an uptrend but could lose its momentum.

The closing price of Advanced Micro Devices Inc.(AMD) is above its 50 day moving average of 6.42 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Advanced Micro Devices Inc.(AMD) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 23-May-2008, about 4 trading days ago.