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APPLIED MATERIALS
(AMAT-Nasdaq):
Technical Viewpoint: From a low
of $73.56 on Oct 20, 1999 prices
rallied, reaching a
high of $113 1/4
on Nov 17, 1999. A
decline saw prices pull back, reaching a
low of
$97 3/8 on Nov 30, 1999.
Another rally saw prices penetrate
resistance, closing 12/8/99
at $114.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 25, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $109 1/2. Resistance: Is at $120.00.
Point & Figure: Reversed to the upside on Dec 8, 1999. A P&F upside
reversal takes place at $109 1/2. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIALS
(AMAT-Nasdaq) @ $115 1/4 Stop: Use a protective stop of $112 3/8.
APPLIED MATERIALS is currently trading @ $114.81 plus $3.56 on Dec 8, 1999. Price Objective:
$130.00. Risk/Reward: $2 7/8 VS. $14 3/4. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$130.00
Risk/Reward:
$2 7/8 VS. $14 3/4
Risk/Reward Ratio:
5:1
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