On July 28, 2022, $AMD stock rose to test its downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... resistance wall. A break above this level could signal a significant 20% to 40% move ahead for the beaten-down stock.
CHIPS Act 2022
The House passed bipartisan legislation to boost U.S. competitiveness with China by allocating billions of dollars toward domestic semiconductor manufacturing and scientific research.
The bill passed 243-187, with no Democrats voting against the bill.
AMD Excellent Sales Growth
AMD has excellent sales growth.
AMD has a Profit Margin of 17.98%. This is better than the industry average of 11.71%. The low PEG Ratio of 1.22, which compensates the Price/Earnings for growth, indicates a relatively cheap valuation of the company.
AMD shows strong revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... growth. The revenue has been growing by 30.92% yearly, over the last five years. The Earnings Per Share has been growing by 104.53% on average over the past five years. This is very strong growth.
Bullish Option Flow Detected In AMD Stock on July 28 2022
Bullish option flow was detected in AMD stock.
Make sure to review this lesson on option flow so that you understand the image above.
In particular, was the $92 August 5, 2022, call where volume exploded higher on July 28, 2022. It was an Above the Ask sweep valued at $185,000. A whale trader wanted to get these calls quickly and didn’t mind paying more than the asking price. That’s bullish, folks!
Democrat Nancy Pelosi bought $5,000,000 worth of Nvidia stock on June 17, 2022, and sold it on July 26, 2022, after House colleagues said they wouldn’t vote for the bill if Nancy Pelosi didn’t sell her stock before the vote. Pelosi reported a $300K+ loss in the trade.