Last Friday I made the case in this PRO Service for an add-on bet on AMD and today we have the honor of moving up the stop on that new trade to a 50% trailing stop. As of early trading Monday, this is how that new trade looks: AMD - PRO Service In addition, we have this AMD trade taken in the Premium Service a couple of weeks ago and it too is now subject to a fresh 50% trailing stop: AMD - Premium Service As for the AMD chart, higher prices still beckon: AMD Daily Price is targeting $230-$350 to complete five waves up from April lows. AMD 2-Day Depending on how the next leg up unfolds, we could be looking at much higher prices then those indicated on these charts. For now, we will stick with the range set out above, but I'm already eyeing those higher levels for Oct-Dec expirations. Coming soon? GEOS is up big again today, challenging its Wave 1 high, but on lower volume, so far. Monitoring for a quick add if it breaks above $20 on good volume.
