Advanced Micro Devices (AMD)

Showed you guy sthis one last week. In response to today's news, $Advanced Micro Devices(AMD.US)$ has lost touch with its 50-day SMA (Simple Moving Average). This moving average is a key level to many portfolio managers and it would have to be considered sub-optimal if the stock can not take back this line later today. I am long (own shares of) this stock.