traded as high as 12.75 at the close. That's like +10% in a day. This is going to be a productive, profitable rise all week as more institutions now jump on the stock and others try to sell off their old or new positions.
You should be able to figure out that most people are looking at it now and are saying, "It's headed up, so we should not sell it now." It's like the GI Joe with the kung-fu grip speech Eddie Murphy does in Trading Places.
It happened a little quicker than I thought it would on this stock, but it should receive a new boost upwards, or this has already started today. It's almost too late to climb on board, but people can still make some decent money on it at this point.
Yeah here is the news:
Chip Gear Makers Get Price-Target Hikes; AMD Lifted By Intel Deal | Stock News Stock Market Analysis - IBD