Just because a stock makes a large move in 1 day like AMD did on Friday does NOT make it bullish. The context in which this move occurs is probably more important than the move itself. This ~10% move higher occurred in a clear downtrend, below the neckline of what I am considering a head & shoulders. It also occurred within the range it has been in since April 11. Rather than looking for a long here, I would be looking to short as close to $100 as possible with a hard stop at $102. Targets below are $74 then sub $50.