Large Inflow of Money Detected in Advanced Micro Devices

Advanced Micro Devices (AMD) : The money flow analysis of Advanced Micro Devices (AMD) indicates a $0.65 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $1.74 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.69 and so was the total money flow at $1.09 million. A solid up-down ratio of 10.29 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $1.05 million worth of block trades on upticks. Only $0.1 million worth of the stock exchanged hands on downticks. The money flow was $0.95 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Advanced Micro Devices (AMD), pushing it down by -0.1% for the day. The stock slid $0.01 and traded at $5.09 during the day. Nonetheless, the stock is -0.29% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 2.75% and the 50-Day Moving Average is 16.3%. Shares have rallied 155.61% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $5.52 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $4.71 and the 200 Day Moving Average price is recorded at $3.18.

Advanced Micro Devices (NASDAQ:AMD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.15 and $5.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.17, notching a gain of 1.57% for the day. The total traded volume was 20,050,141 . The stock had closed at $5.09 on the previous day.

Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.