Upside in AMD (AMD) Shares Intensifies, Stock Now Up 8%+ to a New 52-Week High

December 3, 2009 1:34 PM EST

Shares of Advanced Micro Devices (NYSE: AMD) have just gained nearly 2% in the last 5 minutes of trading, but we are not hearing any news that would be moving the stock. As today's move marks a new 52-week high in the stock, investors may be buying shares as a momentum trade or technical play.

After trading higher throughout today's trading session, heavy volume is moving the stock, which is now trading around $7.95. The stock is now up more than 8% for the session.

Stay tuned.


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AMD 7.05

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Volume: 16,473,349
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