Advanced Micro Devices stock price (AMD) fell in latest intraday trading after the current resistance of $144.12 held on, with the stock collecting recent profits, while trying to vent off overbought saturation in the Stochastic with negative signals streaming from it, as it also gathers positive momentum to pierce that resistance, amid the dominance of the upward correctional trend in the short term.

Therefore we expect the stock to return higher as long as the aforementioned resistance of $144.12 is breached, targeting the next one at $162.00.

Todays price forecast: Bullish