Advanced Micro Devices is a Superstar Stock, Watch this Chart

Advanced Micro Devices Stock Reveals Strong Demand

Institutional volumes reveal plenty. For 3-months, AMD has enjoyed heavy institutional support. Each green bar signals unusually large volumes in AMD shares, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Advanced Micro Devices.

Advanced Micro Devices Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, AMD has had positive sales & EPS growth in recent years:

Source: FactSet

EPS is estimated to ramp higher this year by +46.5%.

Now it makes sense why the stock has been powering to new heights. AMD is an earnings juggernaut.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.

Advanced Micro Devices has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report dozens of times over the years. The blue bars below shows when AMD was a top pick…cutting through the noise:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the superstars.

Advanced Micro Devices Price Prediction

The AMD rally began many months ago. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in AMD at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.

This article was originally posted on FX Empire