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As proud as I am of my prior post, I feel compelled to leave something trading-related up as a header post, so allow me to offer AMD as a bold short idea. Here we see the exponential moving averages beginning to roll over for the first time in a long while:
A very long-range view of the same trio of moving averages gives you a sense as to how this stock, over the long haul, is definitely prone to “rolling over” into long bear markets.
Of special note is that fact that – for the first time in five years – AMD is starting to damage its uptrend.
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