AMD and Intel Extend Rally Despite RSI Flashing Overbought for Weeks
Advanced Micro Devices (AMD) climbed roughly 18% in pre-market trading on May 6 after a Q1 beat, while Intel (INTC) extended a multi-week run with a 13% gain to a fresh all-time high near $108. Both stocks have carried 14-day RSI readings well above 70 for most of April, yet each fresh overbought print has … Read more