BUY! APPLIED MATERIALS (AMAT) Nasdaq

  Report No. 872    Analysis by: Harry Aloof     SEPTEMBER 15, 1999

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$98.00 Risk/Reward:
$2 7/8 VS. $15 5/8 Risk/Reward Ratio:
5:1
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