AMD, IBD Stock Of The Day, Runs Past Early Buy Point As Chipmaker Returns To Favor

Advanced Micro Devices Advanced Micro Devices AMD $ 523.19 $17.45 3.45% 11% IBD Stock Analysis AMD stock now decisively above its 50-day line Stock also cleared a downward trendline Shares are in a 10-week consolidation with 584.73 buy point IBD Composite Rating 96/99 Industry Group Ranking 22/197 Emerging Pattern Consolidation Consolidation A sideways pattern that doesn’t fit traditional base definitions.…