Advanced Micro Devices, Inc. AMD 0.89% shares have been drifting mostly sideways since Goldman Sachs issued a Sell rating and $11 price target for the stock back on April 6. Prior to the Goldman Sell rating, AMD had been one of the hottest stocks in the market, and Goldman missed the entire move.

From July 1, 2014, to April 5, 2017, AMD shares surged more than 235 percent. All the while, Goldman was on the sidelines. As expected, the Goldman sell rating initially sent AMD shares tumbling more than 7.0 percent. However, since the initial selloff, AMD hasn’t continued its bearish momentum. Instead, after drifting as low as $12.22, it has since rebounded back near the low end of the gap Goldman created when it initiated coverage.

Technical traders anticipating AMD will completely fill its Goldman gap are looking…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!