When putting together your watch list, look for stocks with an 80 or higher RS Rating. Advanced Micro Devices (AMD) stock now meets that criteria, with an increase from 80 to 89 Friday.
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This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating as they begin their biggest price moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
Is Advanced Micro Devices Stock A Buy?
Advanced Micro Devices stock has been trading tightly along its 50-day moving average. The chip stock is currently not in a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The chipmaker posted 3% earnings growth in its most recent report. Revenue increased 2%.
Advanced Micro Devices stock holds the No. 8 rank among its peers in the Electronics-Semiconductor Fabless industry group. Arm Holdings ADR (ARM), Broadcom (AVGO) and NVIDIA (NVDA) are among the top 5 highly rated stocks within the group. For more industry news, check out “Chip Stocks To Watch And Semiconductor Industry News.”
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