Set a Limit Order to Sell Advanced Micro Devices Inc.
Advanced Micro Devices Inc. (AMD) jumped higher at the opening bell and hit our price target as traders were eager to get in and buy stocks after the long Easter weekend.
A tame inflation number last Friday, coupled with positive remarks from Fed Chair Powell set the tone for a continuation of the bullish uptrend in the stock market as we head into the second quarter of 2024.
For those of you who did not set a limit order, we want to ensure you're able to exit the trade even as AMD pulls back a little bit today. We recommend setting a limit order to exit at the target price, Good 'til Cancelled (GTC). A GTC order stays active until you cancel it.
Timing is everything when it comes to these trades, so head to your app store now, download the free TradeSmith app, and enable push notifications… because the next great trade is right around the corner!
John Jagerson & Wade Hansen Analysts, Predictive Alpha
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