APPLIED MATERIAL 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 6/30/99
at $73 7/8. 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 $64 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 29, 1999. A P&F upside
reversal takes place at $70 1/2. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIAL INC
(AMAT-Nasdaq) @ $75 1/8 Stop: Use a protective stop of $72 3/4.
APPLIED MATERIAL INC is currently trading @ $73 7/8 plus $4 3/4 on Jun 30, 1999. Price Objective:
$98.00. Risk/Reward: $2 3/8 VS. $22 7/8. Today's Risk Reward Ratio: 9:1
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