(CTN News) – Strong demand for Advanced Micro Devices can be seen in the company’s stock price
The institutional volumes reveal a great deal. AMD has enjoyed strong institutional support for three months in a row. An unusually high volume of AMD shares is indicated by each green bar, which pushes the stock upward:
Currently, a number of technology names are being accumulated. However, Advanced Micro Devices has a powerful fundamental background.
A fundamental analysis of advanced micro devices
In addition to its institutional support, the company has a strong fundamental foundation that makes it worth investigating. Recent AMD sales & EPS growth is as follows:
Growth in sales over the past three years (+52.3%)
Growth rate of EPS over three years (+176.4%)
Using FactSet as the source
It is anticipated that EPS will increase by 46.5% this year.
The stock has been climbing to new heights for a reason now that makes sense. Earnings are a juggernaut for AMD.
Over the long term, our proprietary software has been able to identify some great winning stocks based on great fundamentals.
MAPsignals rates Advanced Micro Devices as one of the top stocks. There is unusual buy pressure on the stock and its fundamentals are improving. Each week, we feature stocks like this as part of our ranking process.
It has made the rare Top 20 list dozens of times over the past few decades. Below are the blue bars that illustrate when AMD was a top pick, cutting through the noise:
Unusual volumes reveal the power of money flows when they are tracked.
In most outlier stocks, the superstars are characterized by this characteristic.
Prediction of the price of Advanced Micro Devices
AMD has been experiencing a rally for many months now. Buying in the shares by big money is a signal to take notice. Considering the historical gains in share price as well as strong fundamentals, this stock may be worth including in a diversified portfolio.
Learn more about the MAPsignals process if you are a Registered Investment Advisor (RIA) or a serious investor.