Before its huge rally and headlines AMD had been a good fundamental turnaround play. However we are now just focused on the technical analysis for a short term opportunity.
After falling bellow the support level of $25.61, It opened above and has closed above the $25.61 level and the 10 DMA for two consecutive days, this is a good sign for a short term long play opportunity or even a long term buy and hold for a continuation of the initial rally now that selling pressure from profits might be over, however i will be waiting for some more confirmation as the overall market has been under selling pressure.
After a decline BAC is sitting on a support level at $27.77 area, will be watching to see if it breaks or holds above support to form a bottom for a reversal.
I'm watching ATT (T) from a distance as its not clear just yet where the trend will be. Ideally i would like to see a break above $34.66 which would be a confirmation for an uptrend. As of now it is bellow the 200 day moving average so i wouldn't be quick to take a long position. I'll be watching this one for a while.