Applied Materials Inc. (AMAT) – stock is trading around $50.96 dollars as of September, 23, 2019 and offering a possible buying price between $51.83 – $54.42. Let’s look at the stocks technical actions using a weekly chart.
2. The stock breakout back in end of January.
3. The stock staged a decent run after that.
4. Then the stock receded and gave up some of the gains and even lost the 50 day moving average support.
5. The stock then not only reclaimed the 50 DMA , but also made another run.
6. The stock also found support at the 50 DMA during most of this run.
7. The stock is offering possible buying price between $51.83 – $54.42, with a stop loss at $47.68.
This stock is already part of the Stocks Under 100 Dollars pick and performance will be tracked here .
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