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6 Oversold Stocks, Big Name Tech On Sale

AMD Chart AMD data by YCharts

Advanced Micro Devices(AMD - Get Report)

Background: Advanced Micro Devices is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. The company was founded in 1969 and is headquartered in Sunnyvale, Calif.

52-Week High: $8.35

52-Week Low: $3.22

Book Value: $1.58

Price to Book: 2.17

Sometimes I wonder if AMD is around for the sole purpose to demonstrate Intel (INTC - Get Report) isn't a monopoly. AMD makes great products, but missing out on the iPhone contract has left a mark.

I like AMD under $3.50 with a price target of $4.50 in the next 12 months.

Short interest with this stock is very high. More than one in five shares is short. Shorts are the smart money, but when they pile on this hard it can backfire too. The proportion of the float short is 20.2%. I think the shorts are trying a little too hard here. Even Intel doesn't want AMD to fall apart, not totally anyway.

AMD Revenue Chart AMD Revenue data by YCharts
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SYM TRADE IT LAST %CHG
RSH $0.31 12.76%
AMD $1.81 0.00%
HPQ $28.06 0.00%
INTC $28.54 0.00%
AAPL $112.76 0.00%

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

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