APPLIED MATERIALS INC
(AMAT-Nasdaq):
Technical Viewpoint: From a low
of $41 1/2 on Dec 30, 1998 prices
rallied, reaching a
high of $57 5/8
on Jan 8, 1999. A
decline saw prices pull back, reaching a
low of
$49 1/4 on Jan 13, 1999.
Another rally saw prices penetrate
resistance, closing 2/8/99
at $67.44. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Feb 8, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $57.00. Resistance: Is at $69 3/4.
Point & Figure: Reversed to the upside on Feb 8, 1999. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIALS INC
(AMAT-Nasdaq) @ $67 3/4 Stop: Use a protective stop of $64 7/8.
APPLIED MATERIALS INC is currently trading @ $67.44 plus $6 3/4 on Feb 9, 1999. Price Objective:
$94.00. Risk/Reward: $2 7/8 VS. $26 1/4. Today's Risk Reward Ratio: 9:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$94.00
Risk/Reward:
$2 7/8 VS. $26 1/4
Risk/Reward Ratio:
9:1
|