Advanced Micro Devices, Inc. AMD 0.44% shares are surging 10.7 percent on Monday as the stock pushes to a fresh 52-week high. Option trader Sang Lucci tweeted that AMD has been his favorite swing trade of 2016.

Day trading is typically classified as traders who buy and sell stocks and options within a single trading session. Swing trades, on the other hand, typically last anywhere between two days and two weeks.

According to Lucci, AMD’s pattern of periods of sideways consolidation followed by big breakouts to new highs has been a consistent and profitable pattern during the stock’s run-up from below $2 in February to its new highs above $6.50.

Prior to Friday’s breakout and Monday’s surge in upward momentum, AMD had been trading between $4.50 and $5.50 for a little over a month. The stock logged similar consolidation periods followed by high-volume bullish breakouts in April, May and June.

If the last breakout is any indication, Monday’s highs may be…

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