Advertisement
UK markets close in 3 hours 9 minutes
  • FTSE 100

    7,864.29
    +16.30 (+0.21%)
     
  • FTSE 250

    19,400.23
    +60.09 (+0.31%)
     
  • AIM

    744.38
    +1.26 (+0.17%)
     
  • GBP/EUR

    1.1678
    +0.0011 (+0.09%)
     
  • GBP/USD

    1.2464
    +0.0008 (+0.06%)
     
  • Bitcoin GBP

    50,099.96
    -226.89 (-0.45%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • DOW

    37,753.31
    -45.66 (-0.12%)
     
  • CRUDE OIL

    82.19
    -0.50 (-0.60%)
     
  • GOLD FUTURES

    2,400.70
    +12.30 (+0.51%)
     
  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     
  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     
  • DAX

    17,768.13
    -1.89 (-0.01%)
     
  • CAC 40

    8,008.30
    +26.79 (+0.34%)
     

Moving Averages Show Technical Strength in AMD Stock

Moving Averages Show Technical Strength in AMD Stock

June was a strong month for Advanced Micro Devices (AMD), Intel (INTC), and Nvidia (NVDA), with the three stocks reaching their peaks and then seeing corrections. To understand the trend of such price movements, let’s look at moving averages, which take the average of a stock’s prices over a certain period to understand in which direction its movement is skewed. A stock’s 200-day moving average shows its resistance when its price is below this average and its support when its price is above this average.