AMD...Looking A Little Heavy Here

For most of this year, the Semiconductors ($SOX) have been underperforming the market.. If you look at the above chart, you will see that AMD is clearly underperforming the semiconductors.. The top chart is AMD and in the lower panel we have the $SOX index.. Notice how the $SOX index made a higher high at point B when compared to point A. But if you look at AMD's chart, you will see that the stock failed to take out point A.. AMD made a lower high. This tells me that the stock is under selling pressure.. Also notice that AMD is below it's 50 and 200 day moving averages which is another bearish sign.. I think if the stock gets below 20.41, we could see a move down to the July low which is in the $17.00 area.