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June 06, 2006
AMD Breaks Support
AMD may be winning the war against Intel (INTC), but the stock just broke down and cannot buck overall weakness in techs. Actually, the stock came down hard in March and stayed down in April and May. Even though the stock traded flat when the Nasdaq cratered, it failed to follow through on the gap off support and broke below 30 on Monday. This is not a good sign and the next support zone is around 25.
Posted by Arthur B. Hill at June 6, 2006 03:00 PM