Since AMD came out of the weekly cycle bottom at 9.42 on 01/18/2017, it achieved an impressive high at 14.27 on 02/07/2017.  Then it spent 8 days to correct the overbought condition that was induced by the earnings release.  After 8 days of sideways down trading actions, it quickly reversed at 12.60 today.  The reversal was determined by intraday trading price to jump over previous day low.  The ability to reverse above the previous support level at 12.42 is a good sign for AMD to continue its bull run.  We revise our AMD trailing stop to be 12.42.  If it falls below 12.42, the continued rally to April/May is questioned.