Are NVIDIA Corporation (NVDA), Advanced Micro Devices Inc (AMD) and Sunedison Inc (SUNE) Showing Real Investment Opportunities?
New York, NY – GDP INSIDER – 03/20/2015.
This article discusses three companies: NVIDIA Corporation (NASDAQ:NVDA), Advanced Micro Devices Inc (NASDAQ:AMD) and Sunedison Inc (NYSE:SUNE), NASDAQ:NVDA
NVIDIA Corporation (NASDAQ:NVDA) continued to climb yesterday with the stock closing close to its 52 week high of $23.37 up 1.51% or $0.34 at $23.22 on active trading of 7.768 million shares, compared to its three month average trading volume of 5.572 million. The visual computing company specialized in graphics chips is climbing, as it is diversifying its activities by expanding into performance and cloud computing, as well as helping Tesla Motors (NASDAQ:TSLA) develop a deep learning driving platform aimed at achieving self driving cars. With these areas becoming hot topics NVIDIA Corporation has good long term investment potential.
Advanced Micro Devices Inc (NASDAQ:AMD) kept moving downwards yesterday with the stock dropping another 0.36% or $0.01 to close at $2.74 on very light trading of 8.819 million shares when compared to its three month average trading volume of 16.589 million. The global semiconductor and microprocessor manufacturer has been trading downwards for the last two weeks as revenue forecast for the industry are lower, due to an oversupply of business computers that are not being snapped up as quickly as expected. This situation will correct itself and with RSI of 36.94 this could be the stock to buy.
Sunedison Inc (NYSE:SUNE) fell back slightly yesterday with the stock declining 1.27% or $0.31 to close at $24.14 on fairly light trading of 6.624 million shares, compared to its three month average trading volume of 9.997 million. The stock has been on the rise since the beginning of the year, up 23.73% YTD compared to the S&P 500 which has only managed to increase 1.48% for the same period. With the stock just passing a bullish MACD crossover and RSI of 64.67, there is still room for further increases making it a solid hold and potential buy.
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