AMD Seen Facing Huge 20% Stock Swings Amid Earnings

Advanced Micro Devices Inc. (AMD) stock already has fallen into a bear market, down 22% from its intraday high last month. But the heartburn isn't likely to end anytime soon for investors in AMD. The stock faces massive volatility in the coming weeks as options traders anticipate 20% gains - or declines - in the stock by the middle of November. More worrisome, technical analysis shows bullish momentum is quickly leaving the stock and that it could plunge 10%. What's surprising in all this is that analysts see the company delivering strong third-quarter results on October 24. But shares of the chipmaker have anticipated that good news, increasing the stock by nearly threefold since April. The downside is the stock happens to be one the most expensive in the sector.