Chart courtesy of stockcharts

Advanced Micro Devices shares were down nearly 4% on Wednesday, making a new 52 week low during the regular session and closing at $10.83. Stock broke yesterday one of the most important supports at $11.50 with a huge volume, indicating with this drop is difficult to stop, even after consecutive losses. Looking at the chart, stock is clearly trading in a Strong Bear Market, share price is below its 20,50 and 200 daily moving averages. Even in Oversold conditions, it's difficult to predict the bottom of this movement. So, at this moment only a close above $11.50 will push Bulls again.

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