AMD Q4 FY12/25 Earnings Review

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It’s Not About The Numbers

by Alex King, CEO, Cestrian Capital Research, Inc

AMD stock is down a little in post-market trading. Here’s the hourly chart.

The green line is the 21-day EMA and the lower blue line is the 50-day EMA. Put simply, to remain bullish on AMD my own view is that I want to see it over the 50-day at all times and I want to see no more than one daily close below the 21-day EMA.

It was a very good quarter - revenue beat the company’s guide, margins were up and cash balances were up a lot.

The issue of course is that semiconductor stocks are up, way up. I don’t see the telltale high vol x price bars of distribution yet, but I think it may be coming.

So what does that mean for AMD?