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APPLIED MATERIALS INC
(AMAT-Nasdaq):
Technical Viewpoint: From a low
of $53 1/2 on Jun 2, 1999 prices
rallied, reaching a
high of $79.94
on Jul 19, 1999. A
decline saw prices pull back, reaching a
low of
$68.06 on Jul 22, 1999.
Another rally saw prices penetrate
resistance, closing 8/9/99
at $77 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 9, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $70 1/2. Resistance: Is at $73 1/2.
Point & Figure: Reversed to the upside on Aug 6, 1999. A P&F upside
reversal takes place at $73 1/2. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIALS INC
(AMAT-Nasdaq) @ $79 1/4 Stop: Use a protective stop of $76 1/2.
APPLIED MATERIALS INC is currently trading @ $77 7/8 plus $3.19 on Aug 9, 1999. Price Objective:
$98.00. Risk/Reward: $2 3/4 VS. $18 3/4. 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 3/4 VS. $18 3/4
Risk/Reward Ratio:
7:1
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