AMD made a very big move today considering the markets were pretty quiet. With Wall Street singing high praise for their new line of Ryzen Chips geared towards gaming. With a big price target boost and upgrade today, buyers flooded into the stock and AMD is up over 10% so far for the session. Just as important, AMD is breaking out of the channel and looks to easily reach the $36 price target range given today. Considering how badly the sector has performed in recent weeks, AMD is now becoming the strongest performer in the sector right now. Strength in the face of broad weakness tells me the sentiment in the stock is really strong at the moment. While I am unsure of the stock will continue to break out to the upside, it sure is a lot better than INTC, NVDA, and AVGO for the time being. Expect AMD to try for that $36 level sooner than later.

Follow me on Twitter: @DiscipleOfTrend

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

Read Similar Articles

January 13, 2026

Credit Card Interest Rate Caps: What Traders Could Expect

A high-profile policy debate has re-entered the financial spotlight surrounding credit card interest rate caps. Last week, President Donald Trump called for a temporary national cap on credit card interest rates. He proposed a maximum annual rate of 10% over a one-year period, starting January 20, 2026. President Trump’s proposal would aim to combat the […]

Read Article
December 23, 2025

3 Top Indicators For Day Trading Options

Make no mistake…day trading options can be very profitable, but it can also be very risky. If you don’t know what you’re doing—you will get burned. When I first started day trading options, I learned that lesson the hard way quite a few times, but those experiences made me a better trader and coach. I’ll […]

Read Article
December 12, 2025

Premarket Pulse Pattern: My #1 Prop Trading Strategy

What is Prop Trading? Prop trading has exploded in popularity over the last five years. It’s transformed from a niche practice into a mainstream gateway for retail traders. There’s a lot of highly skilled traders out there who are sitting on the sidelines right now for two main reasons: Prop trading addresses both issues. In […]

Read Article

Read Similar Articles

https://www.prospertrading.com/chip-stock-rally-scotts-looking-for-this-big-move/Chip Stock Rally: Scott’s Looking For This Big Move
January 10, 2026

Chip Stock Rally: Scott’s Looking For This Big Move

There’s been a huge chip stock rally in the market that’s turning a lot of heads. Here are just a few examples: Chip stocks were among the big names that dominated at CES this year in Las Vegas. In addition to the growing demand for chips, AI, and data storage, it’s understandable why there’s so […]

Read Article
https://www.prospertrading.com/3-tech-stocks-charlie-moon-is-watching-in-2026/3 Tech Stocks Charlie Moon Is Watching In 2026
January 2, 2026

3 Tech Stocks Charlie Moon Is Watching In 2026

Traders started planning ahead for 2026 well in advance, with tech stocks being a major focus.It’s no secret that tech stocks have a huge influence on the market—in addition to the huge trading opportunities they can offer. Factors like high volume, volatility, and liquidity make tech stocks very attractive assets for traders to consider following. […]

Read Article
https://www.prospertrading.com/new-years-eve-trading-what-to-expect/New Year’s Eve Trading: What to Expect
December 31, 2025

New Year’s Eve Trading: What to Expect

With a full day of New Year’s Eve trading ahead of us, a lot of traders are wondering if any surprises might await them on the last trading day of 2025. Today will close out what has been an eventful year in the market. Trading was affected by significant events—from Liberation Day and a lengthy […]

Read Article