AMD trend line break

AMD has just made a bullish trend line break. It hasn't surged across with strong volume, so I suspect we'll see a bit of a pullback before it moves higher. However, AMD should be bullish for the near term.

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AMD may very well move higher, but I don't think it will do so with the same conviction it showed in its recent climb. Its price now fully reflects expected earnings growth for the next 2 years.