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Short Swing Trade On $AMD Approaches

I have been patient for a while, allowing Advanced Micro Devices, Inc. (NASDAQ:AMD) to move higher, knowing it was not the time to pull the trigger on a short. That is about to change. Finally, Advanced Micro Devices is nearing major resistance and a major overbought condition. The short level is $14.75 and I am licking my lips for the pull back. This is purely a swing trade. In other words, I am in and out in a week or so, looking to capture a 10% pull back.

Stock chart sell for investors on Advanced Micro Devices Inc