Blue Chip Daily Chart of the Week:
Applied Materials, AMAT
Stop level for position traders and investors: 118.87
please see chart analysis below
- Applied Materials, (AMAT), is one of our top technical ideas coming into the week, and is on this week’s Members Top 25 Stocks List.
- AMAT is currently trading over rising 20, 50, 100 & 200-day moving averages, indicating an uptrend on multiple time frames.
- AMAT recently pulled back 21.6% from all time highs and held above the 50-sma.
- 125 & 135 are near term support levels and over 145 could signal a breakout higher.
- AMAT was our Members Chart of the Day on 5/20/20 and is +147% since then. It was also our Chart of the Day again on 4/15/21 and is +4% since.
- Disclosure: I am currently long AMAT.
Have a great week,
Disclaimer – Blue Chip Daily Trend Report
AMAT CHART OF THE DAY