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Benzinga

Business

Melanie Schaffer

FORGOTTEN HISTORY: Amd plunges but here s why the pullback could offer opportunity - Caught on Camera

AMD Advanced Micro Devices Nasdaq

Advanced Micro Devices (NASDAQ:AMD) was plunging 8% on Thursday, negating the uptrend the stock began trading in on March 8 when it bounced off the $100 level.

The uptrend may not be the dominant pattern, however, and the downturn on Thursday could serve as a backtest and confirmation of a bullish break from a descending trendline.

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