http://78c09e81.linkbucks.comAMD is heading towards $5 but is a great buy. Here is how I analyze this stock:
Charts:
Charts show that AMD is going to face resistance at 200day moving average. But if you notice it left gap around $5 on Nov 12, 2009 after $500M settlement with Intel. I think AMD will fill this gap if market remains negative this summer.
Valuations:
Valuations look great at moment. With Current PE at ONLY 7.5 with forward looking at 13.5, P/S ratio hovering around 1.0, its a cheap cheap stock.
My Plan: I'll start buying AMD if it falls below $6.
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