AMD Is Still Going

Avatar photo Stephen Guilfoyle on September 9, 2026

Readers will see below that Advanced Micro Devices ($AMD) built a Rising Wedge pattern of bearish reversal while running into late June. The shares then caught a bid close to a 38.6% Fibonacci retracement of that entire rally in late July. 

This past August the stock had flirted with taking back both its 21-day EMA and 50-day SMA, but failed to do so at that time, forming a Triangle pattern in the process.

This week, AMD has broken out of that pattern and taken back both of those key moving averages. This forces both swing traders and professional managers to play ball with each other. 

Looking at the indicators, both Relative Strength and the stock’s daily MACD are suddenly looking much more bullish. The histogram of the 9-day EMA has now regained the zero-line while the 12-day EMA has overtaken the 26-day EMA. Should both of those lies go positive, this stock could very likely see an algorithmic boost on top of the current action.    

Target Price: $700 (reiteration)

Pivot: Recent 50-day SMA ($499)

Add: Down to previously tested Fib level

Panic: Loss of said Fib level

Position: Long AMD equity 

Tweet of the Morning!

Avatar photo Stephen Guilfoyle on September 9, 2026

Positions: None.

60 Minutes to Go!

Avatar photo Stephen Guilfoyle on September 9, 2026

S&P Futures: -39 vs FV.

Nasdaq Futures: -218 vs FV.

US Ten-Year Note: 4.811%

US Two-Year Note: 4.427%

US Three-Month T-Bill: 3.885%

WTI Crude: $95.75

Gold: +0.06%

Silver: -0.4%

Bitcoin: +1.22%

US Dollar Index: -0.16%

Positions: Long physical gold & silver

Wednesday’s Company Conference Calls

Avatar photo Stephen Guilfoyle on September 9, 2026

(vs TheFly)

Chewy – CHWY 9/9/26 08:00:00 ET
Managers: Company Sponsored | Streaming Link

J.Jill – JILL 9/9/26 08:00:00 ET
Managers: Company Sponsored | Call in Number: 833-461-5787 | Call in Code: 572 594 243 | Replay Number: 929-828-5978 | Replay Code: 572 594 243 | International Call in Number: 585-542-9983 | International Call in Code: 572 594 243 | Streaming Link

Oddity – ODD 9/9/26 08:30:00 ET
Managers: Company Sponsored | Call in Number: 877-407-9208 | International Call in Number: 201-493-6784 | Streaming Link

Signet Jewelers – SIG 9/9/26 08:30:00 ET
Managers: Company Sponsored | Call in Number: 833-461-5787 | Call in Code: 785 183 090 | International Call in Number: 585-542-9983 | International Call in Code: 785 183 090 | Streaming Link

SailPoint – SAIL 9/9/26 08:30:00 ET
Managers: Company Sponsored | Streaming Link

Casey’s General Stores – CASY 9/9/26 08:30:00 ET
Managers: Company Sponsored | Streaming Link

Nano-X Imaging – NNOX 9/9/26 08:30:00 ET
Managers: Company Sponsored | Streaming Link

Core & Main – CNM 9/9/26 08:30:00 ET
Managers: Company Sponsored | Call in Number: 833-461-5787 | Call in Code: passcode = 858 028 883 | International Call in Number: 585-542-9983 | International Call in Code: passcode = 858 028 883 | Streaming Link

Perma-Pipe International – PPIH 9/9/26 08:30:00 ET
Managers: Company Sponsored | Call in Number: 877-317-6789 | International Call in Number: 412-317-6789 | Streaming Link

Cognyte – CGNT 9/9/26 08:30:00 ET
Managers: Company Sponsored | Streaming Link

Jersey Mike’s Subs – JMKE 9/9/26 08:30:00 ET
Managers: Company Sponsored | Call in Number: 877-425-9470 | Replay Number: 412-317-6671 | Replay Code: 13762283 | International Call in Number: 201-389-0878 | Streaming Link

Destination XL – DXLG 9/9/26 09:00:00 ET
Managers: Company Sponsored | Streaming Link

Mind Technology – MIND 9/9/26 09:00:00 ET
Managers: Company Sponsored | Call in Number: 412-902-0030 | Replay Number: 201-612-7415 | Replay Code: 13762280 | International Call in Number: 412-902-0030 | Streaming Link

Caleres – CAL 9/9/26 10:00:00 ET
Managers: Company Sponsored | Call in Number: 877-704-4453 | International Call in Number: 201-389-0920 | Streaming Link

Academy Sports – ASO 9/9/26 10:00:00 ET
Managers: Company Sponsored | Call in Number: 877-407-3982 | Call in Code: 13762096 | Replay Number: 412-317-6671 | Replay Code: 13762096 | International Call in Number: 201-493-6780 | International Call in Code: 13762096 | Streaming Link

Fifth Third – FITB 9/9/26 11:00:00 ET
Managers: DADA-DA Davidson | Investor Relations: 513-579-5300 | Streaming Link

Optical Cable Corporation – OCC 9/9/26 11:00:00 ET
Managers: Company Sponsored | Call in Number: 833-316-1983 | Call in Code: OCCTHIRD QUARTER 26 | International Call in Number: 785-838-9310 | International Call in Code: OCCTHIRD QUARTER 26 | Streaming Link

Korn Ferry – KFY 9/9/26 12:00:00 ET
Managers: Company Sponsored | Streaming Link

Custom Truck One Source – CTOS 9/9/26 13:00:00 ET
Managers: DADA-DA Davidson | Investor Relations: 855-458-8798

American Eagle – AEO 9/9/26 16:30:00 ET
Managers: Company Sponsored | Streaming Link

Limoneira – LMNR 9/9/26 16:30:00 ET
Managers: Company Sponsored | Call in Number: 877-407-0789 | Replay Number: 412-317-6671 | Replay Code: 13761764 | International Call in Number: 201-689-8562 | Streaming Link

AeroVironment – AVAV 9/9/26 16:30:00 ET
Managers: Company Sponsored | Streaming Link

Lakeland Industries – LAKE 9/9/26 16:30:00 ET
Managers: Company Sponsored | Call in Number: 877-407-9208 | Call in Code: 13761308 | International Call in Number: 201-493-6784 | International Call in Code: 13761308 | Streaming Link

Cooper Companies – COO 9/9/26 17:00:00 ET
Managers: Company Sponsored | Call in Number: 800-715-9871 | Call in Code: 9708839 | International Call in Number: 800-715-9871 | International Call in Code: 9708839 | Streaming Link

Wealthfront – WLTH 9/9/26 17:00:00 ET
Managers: Company Sponsored | Streaming Link

Gloo – GLOO 9/9/26 17:00:00 ET
Managers: Company Sponsored | Streaming Link

Position: None