Groupon Inc. (NASDAQ: GRPN), the daily deals site, has edged higher in mid-day trading today, extending its gains for the week. GRPN is currently trading 1.66% higher at $5.20 on volume of 6.55 million, which is a third of the daily average volume of 19.06 million.
GRPN has gained 9% so far this week and has broken through the $5 resistance level as a result of the rally this week. This is a strong bullish signal. The stock is now approaching $5.50 resistance level. The upward trend will continue if GRPN breaks through this level. The stock has strong support at around $4.75.
Advanced Micro Devices Inc. (NYSE: AMD), a global semiconductor company, is up sharply in mid-day trading today. At last check, AMD was trading 1.81% higher at $2.54 on volume of 9.94 million, which is below the daily average volume of 25.87 million.
AMD has gained more than 5% in the last three trading sessions. The stock has broken through $2.50 resistance level as a result of the rally this week. The next resistance level for the stock is at around $2.75.
Earlier this week, AMD appointed Devinder Kumar as its Senior Vice President and CFO. Kumar will report to the company’s President and CEO, Rory Read.
Find out if AMD could pick up more steam on the very short term by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=AMD
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