Advanced Micro Devices (AMD) NewsBite - AMD to Sell Until to Boadcom

Posted on Monday, August 25, 2008 10:49 AM
Advanced Micro Devices (NYSE: AMD) opened at $5.93. So far today, the stock has hit a low of $5.82 and a high of $6.18. AMD is now trading at $6.07, up $.26 (4.48%). The stock hit its 52-Week high of $14.73 in October and set its 52-Week low of $4.05 in early August. AMD is getting a boost today after Broadcom (BRCM) announced it would buy AMD's digital TV business. Technical indicators for the stock are neutral and S&P gives AMD a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AMD the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 4 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: GE, XTO, TM, GM, KEY, APC, NUE, JCP, DE, CAM, KLAC, NOC (Click Symbol For Latest News)

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