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APPLIED MATERIALS INC
(AMAT-Nasdaq):
Technical Viewpoint: From a low
of $52 3/4 on May 26, 1999 prices
rallied, reaching a
high of $72.00
on Jun 22, 1999. A
decline saw prices pull back, reaching a
low of
$63 3/8 on Jun 28, 1999.
Another rally saw prices penetrate
resistance, closing 7/14/99
at $77 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 8, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $72 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 12, 1999. A P&F upside
reversal takes place at $72.00. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIALS INC
(AMAT-Nasdaq) @ $77 3/4 Stop: Use a protective stop of $74 7/8.
APPLIED MATERIALS INC is currently trading @ $77 1/2 plus $5.00 on Jul 14, 1999. Price Objective:
$98.00. Risk/Reward: $2 7/8 VS. $20 1/4. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$98.00
Risk/Reward:
$2 7/8 VS. $20 1/4
Risk/Reward Ratio:
7:1
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