This post was just published on ZYX Buy Change Alert.
AMD is long from an average price of $11.42. It is trading at $13.73 as of this writing in the pre-market. It was bought four trading days ago and there is about 20% gain now. The first target zone was $12.68 to $13.23. Most subscribers should have taken partial profits on one-quarter of the position. Stops have already been moved up per the prior post to protect profits in the zone of $12.14 to $12.19. If you have a large account, consider taking partial profits on a 10% tranche in the zone of $13.38 to $14.23. Raising the second target zone to $14.88 to $16.37. The stock is moving up on the launch of EPYC product launch for data centers. Here is the relevant excerpt about EPYC:
AMD EPYC 7601-based system scored 2360 on SPECint®_rate2006, higher than any other two-socket system score1. One-Socket Server AMD EPYC 7601-based system scored 1200 on SPECint_rate2006, higher than any other mainstream one-socket x86-based system score. AMD EPYC 7601-based system scored 943 on SPECfp_rate2006, higher than any other one-socket system score.
INTC has stated that it plans to beat these specs.
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