|
APPLIED MATERIALS
(AMAT-Nasdaq):
Technical Viewpoint: From a low
of $76 1/4 on Sep 30, 1999 prices
rallied, reaching a
high of $87 1/4
on Oct 6, 1999. A
decline saw prices pull back, reaching a
low of
$73.56 on Oct 20, 1999.
Another rally saw prices penetrate
resistance, closing 10/28/99
at $83 3/4. 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 $78.00. Resistance: Is at $85.00.
Point & Figure: Reversed to the upside on Oct 28, 1999. A P&F upside
reversal takes place at $78.00. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIALS
(AMAT-Nasdaq) @ $84 1/8 Stop: Use a protective stop of $81 1/4.
APPLIED MATERIALS is currently trading @ $83 3/4 plus $4.44 on Oct 28, 1999. Price Objective:
$97 1/2. Risk/Reward: $2 7/8 VS. $13 3/8. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$97 1/2
Risk/Reward:
$2 7/8 VS. $13 3/8
Risk/Reward Ratio:
4:1
|
