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Applied Materials, Inc. (AMAT) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 18 Aug 2017NoneDojiThu, 03 Aug 20173.75%
***Stock database and scans are updated around midnight (New York time) every trading day.
44.30 0.00 (0%) Aug 18 4:00pm EDT
Open: 44.77 Range: 43.66 - 45.25 Vol: 21M Avg Vol: 10.54M
EPS: 2.42 P/E ratio: 18.32 EBITDA: 3.52B Mkt Cap: 47.61B
Analyze "AMAT" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 43.91
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 44.25
Last Trade is above the 50 day moving average at 44.15
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 38.50
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of AMAT

Stock Trend Analysis - Buy, Sell or Hold "Applied Materials, Inc." (AMAT)?

AMAT is in a very strong uptrend. In the last 52 weeks, AMAT has been trading above the 200 day moving average for 100% of the time with an average daily volume of 10.5M shares being traded. The 50 day moving average, currently at 44.15, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. AMAT was only able to maintain above the 20 SMA for 42.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. Traders who are thinking of going long AMAT shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 44.15 and 38.50 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "AMAT".

The analyst consensus estimates for the 1 year price target for this stock is $52.32* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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