Take $1470 Six Day Paycheck on AMD

It's Time to Take the money and run.

I am recommending taking profits on our recent purchase of semiconductor company Advanced Microdevices (AMD).  We bought the stock at $171.05 on 7/5/24.  This morning the stock was trading at $185.75.

That’s a $1470 (8.59%) profit in six days.

The price chart shows the stock is on a nearly parabolic rise trading pattern and approaching the RSI level of 70.  And while it still may have some room to rise, this is not a profit we want to give back, even in the short term.  So, it’s time to get out while the getting is good.

SELL - Advanced Microdevices above $171.  Bought 7/5/24: $171.05.  7/11/24 intraday price: $174.43.  Return for this trade:  $1470 (8.59%).

Thanks to everyone for your ongoing support.  I really appreciate it.

If you’re a follower or a free subscriber, I have several other trades in progress which are showing excellent prospects. This is a great opportunity to move to a paid subscription.

Thanks also to all the current Buy Me a Coffee members and supporters.  Special shout out to new members who now have access to the Sector Selector ETF Service, which is included, at no extra charge with your Buy Me a Coffee membership.

For intermediate term trading strategies take a Free 2 week trial to Joe Duarte in the Money Options.com.

For active trading, short term trading strategies, check out the Smart Money Passport.

I also appreciate single coffees, which you can buy me here.