In trading on Friday, shares of Advanced Micro Devices Inc (Symbol: AMD) entered into oversold territory, hitting an RSI reading of 29.95, after changing hands as low as $98.69 per share.

Advanced Micro Devices AMD had its Relative Strength (RS) Rating upgraded from 88 to 91 Thursday. Please watch the video at Investors.com - Market Breadth: How This Indicator Reveals Hidden Weakness ...

Advanced Micro Devices has turned in a solid performance on the price charts this year, up more than 28%. And Wall Street thinks the semiconductor stock has more room to run.