$AMD Bullish action pre Earnings. 20% potential upside.
Entry level $32.50 = Target price $40.00 = Stop loss $31.00
The stock still carries a considerable 14.93% short interest which can have quite a influence on the stock post earnings, hopefully in this case it is a short covering rally.
In comparison to others within the sector that are hitting new highs AMD & NVDA have lagged the market, which can be attributed to the high valuations, is earnings and growth are good, this will be forgotten.
Average analysts price rating $33.04 | Overweight, re ratings on a earnings beat could fuel any rally.
Option action is also quite bullish and volatility is expected +/- 6%.
The stock still carries a considerable 14.93% short interest which can have quite a influence on the stock post earnings, hopefully in this case it is a short covering rally.
In comparison to others within the sector that are hitting new highs AMD & NVDA have lagged the market, which can be attributed to the high valuations, is earnings and growth are good, this will be forgotten.
Average analysts price rating $33.04 | Overweight, re ratings on a earnings beat could fuel any rally.
Option action is also quite bullish and volatility is expected +/- 6%.