by Gary S. Morrow | May 28, 2019 | Chart of the Day, Commentary
Shares of Advanced Micro Devices are surging today. The stock is up over 10% on news the company is developing new gaming and PC chips. This powerful move on very heavy trade is driving AMD to its best close of 2019. Following today’s impressive news inspired...
by Gary S. Morrow | May 20, 2019 | Chart of the Day, Charts
At today’s lows INTC is down 35% from the April 2019 peak. The daily MACD indicator has not been this oversold since the Q1/2008 lows. The $43.50 to $42.00 area held important monthly lows in 2018, most notable was the Christmas week low($43.50). We...
by Gary S. Morrow | May 20, 2019 | Charts, Commentary
hjat Trade fears with China are driving the semiconductor sector lower again today. Also adding pressure: Bloomberg News reported Sunday that Xilinx XLNX, -6.53% XLNX, -6.53% and other U.S. chip makers, including Intel Corp INTC, -2.21% Qualcomm...
by Gary S. Morrow | May 8, 2019 | Chart of the Day, Charts
Intel took a major hit on April 26 following a rather uninspiring earnings report. The stock closed that session with 10% loss, it’s biggest one day decline in years. INTC has been drifting lower since and at this week’s low the upper band of a major...
by Gary S. Morrow | Apr 3, 2019 | Chart of the Day, Charts
In general, the Semis are on fire today. A top performer in the sector is Maxim Integrated Products. Shares are up over 3.8% and are trading at new 2019 highs. This powerful move is driving the stock past a very solid resistance zone just above $56.00. Since the...
