Could AMD be a sleeper? AMD is currently trading at $2.24 at the time of this writing. It was trading over $4 less than 6 months ago. It really took a drop after this earnings call. The RSI is at 22.19, possibly a big over sell. This could be an opportunity to jump in. I own it and have a ways to go before I get my investment back, but only because I believe in AMD for the long haul. For day traders this is one to watch. Down volume was huge.
Look at the chart below from StockCharts.com. The OBV (On Balance Volume) on this 6 month chart is not as low as it was back in October with an even higher price. As volume precedes price you may want to keep an eye on this one at this price.
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