Advanced Micro Devices, Inc. (AMD) stock price advanced in its latest intraday trading, amid the dominance of the main upward trend in the medium term, while moving alongside a short-term trend line with a steep angle that reflects the strength of this bullish path. The stock also continues to benefit from positive pressure generated by trading above its 50-day SMA, in addition to continued positive signals from the Stochastic indicators.

Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the $461.70 level, targeting the major resistance level at $600.00.

Todays price forecast: Bullish.