Applied Materials (AMAT): WARNING AMAT: After a surge in the begin...

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Applied Materials (AMAT)

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Wednesday, 03/10/2010 3:38:46 PM

Wednesday, March 10, 2010 3:38:46 PM

WARNING AMAT: After a surge in the beginning of the day the stock was confronted with major resistance at the 12.50. It traded between 12.45-12.50 for 4hours but the bulls were determined to break the resistance. The stock finally broke above 12.50 with strong volume shortly after 3pm. This is a major resistance/now support level that would be a very good entry point for a couple week ride.

Good luck to everyone

A.

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