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Outside the Box: These 2 chip stocks are breaking out on technical charts

Here are four stocks, two of them chip makers, that are moving on news and technical momentum.

Advanced Micro DevicesAMD, +1.96% jumped $1.11 to $33.15 on 61.2 million shares Tuesday. An analyst raised his target price on the stock as the company received favorable reviews this week for its latest PC chip and said some new products would be available worldwide. The move, on nearly 3 times its average volume, broke the stock above lateral resistance. If it gets through the double-top near $34.25, our next target is close to $40.

Read:AMD market-share gains should fuel a strong outlook, UBS says

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