Semiconductors Trading Bullishly

Watch out for Advanced Micro Devices (AMD) this month. Wall Street really like earnings guidance last week and she is breaking out. We expect a move to $13 or more over the next month and a half from its current price of $11.59.

The semiconductor space as a whole looks like it could bounce back from recent disappointment. Though it may not me time to buy Micron (MU) just yet. Investors are really buying up NVIDIA Corp (NVDA) ahead of earnings call which is on 10 May; food for thought, this makes for a good trade.