Over the past year we have seen Advanced Micro Devices (AMD) stock held lower. After a a straight gallop from $2 to $15. While this 300 % run is impressive it is far from over. The range bound trading of this security has occured due to a concerted effort to keep it lower in order for institutions to accumulate it in large amounts. This accumulation can be seen and orive through the 13-F filing and the steady increase in ownership by institutions over the same period. This coupled with the exorbinitly high short interest in the stock make it ripe for a short squeeze the likes of which have been unseen by this security in a long time. Watch for this squeeze to occur in in corlation with the timing of the 2018 Q1 ER. Additionally take notice to the suddle price rejection in the monthly chart as it appears the trading range will continue in the uoper part of the bands as we approach earning which are supposed to be 5/7/2018
