This Semiconductor Stock is Rallying to $100, Get in Now

Chip makers are back, and this one stock is leading the charge…

This story was originally published here.

Tech stocks made a powerhouse comeback Monday after stumbling into the weekend. The rapid snap-back was particularly impressive in the semiconductor industry with the likes of Advanced Micro Devices (NASDAQ:AMD) and Taiwan Semiconductor (NYSE:TSM) rallying hard all day long. Both deserve top spots in your watchlist, but it’s AMD stock that commands our attention today.

The California-based chip maker saw its share price soar 5.3%, ultimately forming a marubozu candlestick. The lack of upper or lower shadows means prices opened at the low of the day, ran higher for almost seven straight hours, and closed near the high of the session.

The implications are clear. Buyers emerged with guns-a-blazin’ from the get-go, and their assault never wavered…

Editor's Note: Click here to keep reading.

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