APPLIED MATERIALS
(AMAT-Nasdaq):
Technical Viewpoint: From a low
of $68.06 on Jul 22, 1999 prices
rallied, reaching a
high of $79 1/8
on Aug 9, 1999. A
decline saw prices pull back, reaching a
low of
$62 1/4 on Aug 20, 1999.
Another rally saw prices penetrate
resistance, closing 9/14/99
at $81 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 3, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $75.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 23, 1999. A P&F upside
reversal takes place at $76 1/2. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIALS
(AMAT-Nasdaq) @ $82 3/8 Stop: Use a protective stop of $79 1/2.
APPLIED MATERIALS is currently trading @ $81 1/2 plus $5.56 on Sep 14, 1999. Price Objective:
$98.00. Risk/Reward: $2 7/8 VS. $15 5/8. Today's Risk Reward Ratio: 5:1
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