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AMD and Intel continue to rise despite the Relative Strength Index (RSI) indicating overbought conditions for several weeks
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AMD increased by 18% before trading hours after surpassing Q1 expectations, while Intel reached all-time highs. The RSI still indicates overbought conditions as the rally continues.
- AMD rose 18% before opening after exceeding Q1 expectations, Intel increased by 13%.
- Both stocks have daily RSI above 70 for most of April.
- Profit strength and AI demand continue to outpace sell signals
$AMDON $AMD $INTC